Kura Sushi USA, Inc. (NASDAQ:KRUS) Director Sells $574,401.54 in Stock

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

Kura Sushi USA Trading Up 7.1 %

NASDAQ:KRUS opened at $78.74 on Wednesday. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81. The firm has a market capitalization of $950.08 million, a price-to-earnings ratio of -115.79 and a beta of 1.84. The business’s 50-day moving average price is $94.45 and its two-hundred day moving average price is $80.08.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate 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 predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Large investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after acquiring an additional 390,688 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of Kura Sushi USA by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after purchasing an additional 99,515 shares in the last quarter. Portolan Capital Management LLC grew its position 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 during the period. Rheos Capital Works Inc. increased its stake in Kura Sushi USA by 6.3% during the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Kura Sushi USA by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after buying an additional 8,146 shares during the period. Institutional investors own 65.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Kura Sushi USA