Kura Sushi USA (NASDAQ:KRUS) Insider Sells $720,110.82 in Stock

Kura Sushi USA, Inc. (NASDAQ:KRUS) insider Hajime Uba sold 9,874 shares of the company’s stock in a transaction dated 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 trade represents a 62.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kura Sushi USA Stock Down 0.2%

Shares of KRUS traded down $0.16 during trading hours on Wednesday, reaching $73.58. 253,270 shares of the company traded hands, compared to its average volume of 435,337. The business has a fifty day moving average price of $55.23 and a 200-day moving average price of $66.52. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $95.98. The stock has a market capitalization of $891.13 million, a P/E ratio of -222.97 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Wednesday, January 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The firm had revenue of $73.46 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. As a group, research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KRUS shares. Barclays cut their price objective on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 7th. TD Cowen cut their price target 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. Wall Street Zen downgraded shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 10th. Lake Street Capital reissued a “buy” rating and set a $70.00 target price on shares of Kura Sushi USA in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the 2nd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the period. Tower Research Capital LLC TRC grew its stake in Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Kura Sushi USA by 1,701.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $105,000 after purchasing an additional 1,889 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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.