FY2024 EPS Estimates for Kura Sushi USA Increased by Analyst

Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) - Equities researchers at William Blair increased their FY2024 earnings per share (EPS) estimates for shares of Kura Sushi USA in a report released on Wednesday, October 23rd. William Blair analyst S. Zackfia now expects that the company will post earnings per share of ($0.26) for the year, up from their prior forecast of ($0.33). The consensus estimate for Kura Sushi USA's current full-year earnings is ($0.33) per share. William Blair also issued estimates for Kura Sushi USA's Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at ($0.11) EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.11) EPS and FY2026 earnings at ($0.04) EPS.

Several other equities research analysts also recently weighed in on KRUS. Piper Sandler cut their price target on Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, July 11th. Lake Street Capital dropped their target price on Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, July 10th. Roth Mkm restated a "buy" rating and set a $70.00 target price (down from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Barclays raised their target price on Kura Sushi USA from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Benchmark restated a "buy" rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.63.

Kura Sushi USA Trading Up 4.5 %

KRUS traded up $4.24 during midday trading on Monday, hitting $98.56. 90,947 shares of the company were exchanged, compared to its average volume of 157,864. The company's 50 day simple moving average is $77.63 and its 200 day simple moving average is $80.70. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -1,408.00 and a beta of 1.89. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Kura Sushi USA by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 327,315 shares of the company's stock worth $37,694,000 after purchasing an additional 5,942 shares in the last quarter. Rheos Capital Works Inc. raised its position in shares of Kura Sushi USA by 6.3% during the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company's stock valued at $16,434,000 after buying an additional 12,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Kura Sushi USA by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company's stock valued at $11,602,000 after buying an additional 8,146 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Kura Sushi USA by 28.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company's stock valued at $11,967,000 after buying an additional 22,823 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Kura Sushi USA by 42.6% during the 1st quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company's stock valued at $11,895,000 after buying an additional 30,836 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA