Kura Sushi USA’s Lock-Up Period Will Expire Tomorrow (NASDAQ:KRUS)

Kura Sushi USA’s (NASDAQ:KRUS) lock-up period is set to expire on Tuesday, January 28th. Kura Sushi USA had issued 2,900,000 shares in its initial public offering on August 1st. The total size of the offering was $40,600,000 based on an initial share price of $14.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Several brokerages have issued reports on KRUS. CLSA cut shares of Kura Sushi USA from an “outperform” rating to an “underperform” rating in a report on Thursday, December 12th. Maxim Group reiterated a “buy” rating and set a $36.00 target price on shares of Kura Sushi USA in a report on Thursday, January 9th. Finally, Stephens increased their target price on shares of Kura Sushi USA from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.25.

Shares of Kura Sushi USA stock opened at $23.10 on Monday. The company has a current ratio of 3.36, a quick ratio of 3.32 and a debt-to-equity ratio of 0.71. Kura Sushi USA has a 1 year low of $14.75 and a 1 year high of $28.80. The business’s 50-day simple moving average is $25.71. The company has a market cap of $192.65 million and a PE ratio of 85.56.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Wednesday, January 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.12). The business had revenue of $17.44 million for the quarter. Research analysts predict that Kura Sushi USA will post 0.27 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Calamos Advisors LLC purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $1,271,000. Russell Investments Group Ltd. purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $2,178,000. Boston Partners purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $256,000. California State Teachers Retirement System purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $103,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $5,201,000. Institutional investors and hedge funds own 35.57% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates revolving sushi bar restaurants in the United States. The company's restaurants offer Japanese cuisine and a revolving sushi service model. As of April 1, 2019, it operated 21 restaurants in California, Texas, Georgia, and Illinois. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.

Further Reading: Quiet Period

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