Kura Sushi USA, Inc. Expected to Post Q3 2024 Earnings of $0.20 Per Share (NASDAQ:KRUS)

Kura Sushi USA, Inc. (NASDAQ:KRUS) – Equities research analysts at William Blair increased their Q3 2024 earnings estimates for Kura Sushi USA in a report released on Tuesday, March 26th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.20 for the quarter, up from their previous forecast of $0.17. The consensus estimate for Kura Sushi USA’s current full-year earnings is $0.34 per share.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Thursday, January 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Kura Sushi USA had a return on equity of 1.06% and a net margin of 0.77%. The firm had revenue of $51.48 million during the quarter, compared to analysts’ expectations of $51.95 million.

KRUS has been the subject of a number of other reports. Lake Street Capital boosted their target price on shares of Kura Sushi USA from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, January 5th. Benchmark upped their price objective on shares of Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Kura Sushi USA Trading Up 7.0 %

NASDAQ KRUS opened at $119.98 on Thursday. Kura Sushi USA has a 12-month low of $51.02 and a 12-month high of $122.41. The firm’s fifty day simple moving average is $98.62 and its two-hundred day simple moving average is $79.22. The firm has a market capitalization of $1.34 billion, a P/E ratio of 922.99 and a beta of 1.97.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, insider Brent Takao sold 14,422 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $88.97, for a total value of $1,283,125.34. Following the transaction, the insider now directly owns 1,687 shares in the company, valued at approximately $150,092.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. West Tower Group LLC purchased a new stake in shares of Kura Sushi USA during the 2nd quarter worth $33,000. US Bancorp DE boosted its holdings in shares of Kura Sushi USA by 58.3% in the second quarter. US Bancorp DE now owns 361 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $36,000. Ameritas Investment Partners Inc. boosted its holdings in Kura Sushi USA by 72.1% during the second quarter. Ameritas Investment Partners Inc. now owns 482 shares of the company’s stock worth $45,000 after buying an additional 202 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Kura Sushi USA during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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