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 stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, 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 legal filing with the SEC, which is available through this link.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $81.23 on Friday. The company has a market cap of $980.45 million, a price-to-earnings ratio of -119.45 and a beta of 1.84. Kura Sushi USA, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The stock has a fifty day moving average price of $93.92 and a 200-day moving average price of $80.20.

Kura Sushi USA (NASDAQ:KRUS) last posted 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%. Research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Several large investors have recently made changes to their positions in the company. Quest Partners LLC raised its position in Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA in the 3rd quarter valued at $237,000. Jennison Associates LLC raised its holdings in shares of Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after buying an additional 1,292 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after buying an additional 350 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Kura Sushi USA in the second quarter valued at about $521,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Kura Sushi USA