Key Points
- Insider sale: Insider Hajime Uba sold 9,874 shares on January 16 at an average price of $72.93, totaling $720,110.82 and reducing his stake to 6,026 shares (a 62.10% decrease).
- Earnings miss: Kura Sushi reported Q results on January 7 with EPS of ($0.23) versus consensus ($0.17), while revenue was $73.46 million and the company showed a negative net margin (1.37%) and negative ROE.
- Market and analyst view: Shares trade near $73.58 with a market cap around $891 million and a 1‑year range of $40.03–$95.98; consensus rating is "Hold" with an average price target of $76.91 and mixed analyst sentiment (4 Buys, 5 Holds, 1 Sell).
Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) insider Hajime Uba sold 9,874 shares of the business's stock in a transaction on Friday, January 16th. The shares were sold at an average price of $72.93, for a total transaction of $720,110.82. Following the transaction, the insider owned 6,026 shares in the company, valued at approximately $439,476.18. This represents a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kura Sushi USA Trading Down 0.2%
Shares of NASDAQ:KRUS opened at $73.58 on Thursday. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $95.98. The business has a fifty day simple moving average of $55.75 and a 200 day simple moving average of $66.57. The firm has a market cap of $891.05 million, a price-to-earnings ratio of -222.97 and a beta of 1.68.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Wednesday, January 7th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.06). Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. The firm had revenue of $73.46 million during the quarter, compared to analysts' expectations of $72.98 million. During the same quarter last year, the firm earned ($0.08) EPS. On average, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on KRUS shares. Wall Street Zen cut shares of Kura Sushi USA from a "hold" rating to a "strong sell" rating in a research note on Saturday, January 10th. Barclays reduced their price objective on shares of Kura Sushi USA from $67.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 7th. Citigroup reissued a "neutral" rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Lake Street Capital reaffirmed a "buy" rating and issued a $70.00 price target on shares of Kura Sushi USA in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein set a $67.00 price target on Kura Sushi USA in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $76.91.
Get Our Latest Report on Kura Sushi USA
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Kura Sushi USA by 1,701.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company's stock valued at $105,000 after purchasing an additional 1,889 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of Kura Sushi USA by 20.7% during the 4th quarter. Moody National Bank Trust Division now owns 55,621 shares of the company's stock worth $2,911,000 after purchasing an additional 9,542 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company's stock valued at $50,000 after purchasing an additional 736 shares during the period. Woodline Partners LP grew its holdings in Kura Sushi USA by 270.3% in the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company's stock valued at $17,349,000 after buying an additional 213,158 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Kura Sushi USA in the 3rd quarter valued at approximately $943,000. Institutional investors and hedge funds own 65.49% of the company's stock.
Kura Sushi USA Company Profile
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Get Free Report)
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.
Further Reading
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