FY2024 EPS Estimates for Kura Sushi USA, Inc. Decreased by Analyst (NASDAQ:KRUS)

Kura Sushi USA, Inc. (NASDAQ:KRUS) – William Blair decreased their FY2024 earnings estimates for shares of Kura Sushi USA in a research report issued to clients and investors on Tuesday, June 25th. William Blair analyst S. Zackfia now expects that the company will earn $0.22 per share for the year, down from their prior forecast of $0.26. William Blair has a “Outperform” rating on the stock. The consensus estimate for Kura Sushi USA’s current full-year earnings is $0.24 per share.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. The company had revenue of $57.29 million for the quarter, compared to the consensus estimate of $56.65 million.

A number of other brokerages have also recently weighed in on KRUS. Piper Sandler started coverage on shares of Kura Sushi USA in a report on Wednesday, April 24th. They set a “neutral” rating and a $114.00 target price on the stock. Barclays increased their price objective on shares of Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Lake Street Capital increased their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Kura Sushi USA in a report on Friday, June 21st. Finally, Roth Mkm increased their price objective on shares of Kura Sushi USA from $87.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus target price of $110.75.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $82.39 on Wednesday. The stock has a market capitalization of $925.24 million, a price-to-earnings ratio of 588.54 and a beta of 1.93. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The company’s fifty day moving average is $99.15 and its two-hundred day moving average is $96.30.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently made changes to their positions in KRUS. Comerica Bank boosted its position in shares of Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC bought a new position in shares of Kura Sushi USA during the 4th quarter valued at about $36,000. Headlands Technologies LLC bought a new position in shares of Kura Sushi USA during the 1st quarter valued at about $46,000. Tower Research Capital LLC TRC boosted its position in shares of Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after purchasing an additional 746 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Kura Sushi USA during the 4th quarter valued at about $113,000. Institutional investors own 65.49% of the company’s stock.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

About Kura Sushi USA