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 the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now directly 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 legal filing with the SEC, which is available at the SEC website.

Kura Sushi USA Trading Down 0.5 %

NASDAQ KRUS opened at $78.35 on Thursday. The company has a market cap of $945.68 million, a P/E ratio of -115.22 and a beta of 1.84. The company has a fifty day simple moving average of $94.21 and a 200 day simple moving average of $80.21. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81.

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

Analyst Ratings Changes

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

Institutional Trading of Kura Sushi USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. FMR LLC boosted its position in shares of Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after buying an additional 390,688 shares during the last quarter. Fred Alger Management LLC lifted its stake in 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 acquiring an additional 99,515 shares in the last quarter. Portolan Capital Management LLC lifted its stake in Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares in the last quarter. Rheos Capital Works Inc. boosted its holdings 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 acquiring an additional 12,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after acquiring an additional 8,146 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA