Kura Sushi USA (NASDAQ:KRUS) Posts Earnings Results, Beats Estimates By $0.08 EPS

Kura Sushi USA (NASDAQ:KRUS) issued its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.08, FiscalAI reports. The firm had revenue of $85.92 million for the quarter, compared to analysts’ expectations of $86.46 million. Kura Sushi USA had a negative return on equity of 0.12% and a negative net margin of 0.63%.

Kura Sushi USA Trading Down 5.7%

Shares of Kura Sushi USA stock traded down $3.21 during mid-day trading on Tuesday, hitting $52.90. 604,517 shares of the stock were exchanged, compared to its average volume of 346,188. The stock has a market capitalization of $642.74 million, a price-to-earnings ratio of -330.62 and a beta of 1.33. Kura Sushi USA has a twelve month low of $42.62 and a twelve month high of $95.98. The company has a 50-day simple moving average of $52.58 and a 200 day simple moving average of $60.34.

Institutional Trading of Kura Sushi USA

Several hedge funds and other institutional investors have recently bought and sold shares of KRUS. Deutsche Bank AG lifted its position in Kura Sushi USA by 4.2% during the fourth quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after buying an additional 218 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of 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 acquiring an additional 284 shares during the period. Bank of America Corp DE boosted its position in shares of Kura Sushi USA by 5.4% in the third quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock worth $334,000 after acquiring an additional 287 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA in the second quarter worth approximately $29,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kura Sushi USA by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company’s stock valued at $204,000 after purchasing an additional 613 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KRUS has been the topic of several research analyst reports. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings lowered shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Freedom Capital upgraded shares of Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.08.

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.