Kura Sushi USA (NASDAQ:KRUS) Releases Earnings Results, Misses Estimates By $0.06 EPS

Kura Sushi USA (NASDAQ:KRUS) released its quarterly earnings results on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06), Zacks reports. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%.

Kura Sushi USA Trading Down 5.3%

Shares of KRUS traded down $3.14 during trading hours on Wednesday, reaching $55.69. 547,575 shares of the stock traded hands, compared to its average volume of 386,935. The company has a market cap of $674.39 million, a P/E ratio of -348.06 and a beta of 1.68. The company’s 50-day moving average price is $51.89 and its two-hundred day moving average price is $67.54. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $102.00.

Institutional Trading of Kura Sushi USA

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Kura Sushi USA in the 2nd quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its stake in Kura Sushi USA by 681.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after acquiring an additional 646 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after purchasing an additional 284 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Analysts Set New Price Targets

KRUS has been the subject of a number of recent research reports. Sanford C. Bernstein set a $67.00 price target on Kura Sushi USA in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday, December 29th. TD Cowen reduced their target price on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a report on Friday, November 7th. Barclays dropped their price target on shares of Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA presently has a consensus rating of “Hold” and a consensus target price of $81.50.

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.