Kura Sushi USA (NASDAQ:KRUS) Posts Earnings Results, Beats Expectations By $0.08 EPS

Kura Sushi USA (NASDAQ:KRUS) issued its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08, FiscalAI reports. Kura Sushi USA had a negative return on equity of 0.12% and a negative net margin of 0.63%.The firm had revenue of $85.92 million for the quarter, compared to analysts’ expectations of $86.46 million.

Kura Sushi USA Price Performance

NASDAQ KRUS traded down $3.21 on Tuesday, reaching $52.90. The stock had a trading volume of 604,517 shares, compared to its average volume of 346,188. The company has a market cap of $642.74 million, a P/E ratio of -330.62 and a beta of 1.33. The firm has a fifty day moving average of $52.58 and a two-hundred day moving average of $60.34. Kura Sushi USA has a 1-year low of $42.62 and a 1-year high of $95.98.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KRUS shares. Weiss Ratings lowered Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Citigroup lowered their target price on shares of Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Barclays lifted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in Kura Sushi USA by 8.9% during the 4th quarter. Barclays PLC now owns 9,793 shares of the company’s stock worth $512,000 after purchasing an additional 804 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Kura Sushi USA by 18.0% during the fourth quarter. Inspire Investing LLC now owns 9,059 shares of the company’s stock worth $474,000 after buying an additional 1,382 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kura Sushi USA by 29.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,092 shares of the company’s stock worth $372,000 after buying an additional 1,630 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Kura Sushi USA by 76.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,971 shares of the company’s stock worth $365,000 after buying an additional 3,012 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Kura Sushi USA by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock valued at $334,000 after acquiring an additional 287 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese?style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate?return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef?inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.