FY2024 EPS Estimates for Kura Sushi USA, Inc. (NASDAQ:KRUS) Lowered by William Blair

Kura Sushi USA, Inc. (NASDAQ:KRUS) – Investment analysts at William Blair reduced their FY2024 EPS 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 anticipates that the company will post earnings of $0.22 per share for the year, down from their prior forecast of $0.26. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Kura Sushi USA’s current full-year earnings is $0.24 per share.

Several other equities research analysts also recently weighed in on KRUS. Citigroup raised their price target on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $115.00 target price on shares of Kura Sushi USA in a research note on Friday, June 21st. Piper Sandler assumed coverage on shares of Kura Sushi USA in a research report on Wednesday, April 24th. They set a “neutral” rating and a $114.00 target price on the stock. Craig Hallum raised their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Lake Street Capital boosted their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a “hold” rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.75.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $83.82 on Wednesday. The business has a fifty day moving average price of $99.67 and a 200-day moving average price of $96.38. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The stock has a market capitalization of $941.30 million, a price-to-earnings ratio of 598.76 and a beta of 1.93.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KRUS. GSA Capital Partners LLP purchased a new stake in Kura Sushi USA in the 4th quarter worth approximately $2,991,000. Wasatch Advisors LP lifted its stake in shares of Kura Sushi USA by 25.1% in the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after purchasing an additional 22,621 shares during the period. Rheos Capital Works Inc. purchased a new stake in Kura Sushi USA during the first quarter worth $10,940,000. Vanguard Group Inc. grew its position in Kura Sushi USA by 0.9% during the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after buying an additional 2,731 shares during the period. Finally, Millrace Asset Group Inc. purchased a new position in Kura Sushi USA in the fourth quarter valued at $1,499,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 5,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at $144,390.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

About Kura Sushi USA