Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii Sells 6,918 Shares

Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kura Sushi USA Stock Up 7.1 %

KRUS stock traded up $5.22 during trading on Tuesday, hitting $78.74. The company had a trading volume of 169,631 shares, compared to its average volume of 203,094. The firm has a market capitalization of $950.39 million, a P/E ratio of -115.79 and a beta of 1.84. Kura Sushi USA, Inc. has a 52-week low of $48.66 and a 52-week high of $122.81. The company has a 50 day simple moving average of $94.45 and a 200-day simple moving average of $80.08.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Moody National Bank Trust Division grew its position in shares of Kura Sushi USA by 13.4% during the 4th quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock worth $2,089,000 after buying an additional 2,728 shares in the last quarter. Kings Path Partners LLC lifted its stake in Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock worth $998,000 after acquiring an additional 831 shares during the period. Barclays PLC grew its holdings in Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after acquiring an additional 9,229 shares in the last quarter. State Street Corp increased its position in Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after purchasing an additional 1,016 shares during the period. Finally, Portolan Capital Management LLC raised its holdings in shares of Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KRUS. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Lake Street Capital boosted their price objective on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Barclays raised their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Craig Hallum increased their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.75.

Kura Sushi USA Company Profile