Insider Selling: Kura Sushi USA (NASDAQ:KRUS) Insider Sells 9,874 Shares of Stock

Kura Sushi USA, Inc. (NASDAQ:KRUS) insider Hajime Uba sold 9,874 shares of the business’s stock in a transaction on Friday, January 16th. The stock was 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 of the company’s stock, valued at approximately $439,476.18. The trade was a 62.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded down $0.16 during trading on Wednesday, hitting $73.58. 253,270 shares of the company were exchanged, compared to its average volume of 435,337. The firm’s 50 day moving average price is $55.23 and its 200-day moving average price is $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 issued its quarterly earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $73.46 million for the quarter, compared to analyst estimates of $72.98 million. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on KRUS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday, December 29th. TD Cowen reduced their price target on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a report on Friday, November 7th. Royal Bank Of Canada set a $85.00 price target on Kura Sushi USA in a research note on Tuesday. Piper Sandler increased their price objective on Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Lake Street Capital reissued a “buy” rating and issued a $70.00 target price on shares of Kura Sushi USA in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.91.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stephens Inc. AR boosted its position in Kura Sushi USA by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 738,890 shares of the company’s stock valued at $63,604,000 after purchasing an additional 10,968 shares during the period. Granahan Investment Management LLC boosted its holdings in shares of Kura Sushi USA by 125.4% during the third quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after acquiring an additional 373,354 shares during the period. Divisadero Street Capital Management LP bought a new position in shares of Kura Sushi USA during the third quarter worth about $34,586,000. Hood River Capital Management LLC bought a new position in shares of Kura Sushi USA during the second quarter worth about $31,561,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after acquiring an additional 51,574 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.