Kura Sushi USA (NASDAQ:KRUS) Announces Earnings Results, Misses Estimates By $0.06 EPS

Kura Sushi USA (NASDAQ:KRUS) released its quarterly earnings results on Wednesday. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06), Zacks reports. Kura Sushi USA had a negative net margin of 0.67% and a positive return on equity of 0.18%.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded down $3.14 during midday trading on Wednesday, reaching $55.69. 547,575 shares of the company’s stock traded hands, compared to its average volume of 386,935. Kura Sushi USA has a one year low of $40.03 and a one year high of $102.00. The company has a market cap of $674.39 million, a price-to-earnings ratio of -348.06 and a beta of 1.68. The stock has a 50 day moving average of $51.89 and a 200 day moving average of $67.54.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in shares of Kura Sushi USA by 17.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after acquiring an additional 51,574 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Kura Sushi USA by 270.3% during the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after purchasing an additional 213,158 shares during the last quarter. Marshall Wace LLP lifted its position in Kura Sushi USA by 0.3% during the third quarter. Marshall Wace LLP now owns 287,060 shares of the company’s stock valued at $17,054,000 after purchasing an additional 985 shares during the period. Two Sigma Investments LP boosted its holdings in Kura Sushi USA by 102.6% in the third quarter. Two Sigma Investments LP now owns 223,767 shares of the company’s stock worth $13,294,000 after purchasing an additional 113,311 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Kura Sushi USA by 13.0% in the second quarter. Balyasny Asset Management L.P. now owns 213,105 shares of the company’s stock worth $18,344,000 after purchasing an additional 24,570 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark dropped their price target on Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, October 27th. TD Cowen reduced their target price on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Monday, December 29th. Barclays reduced their target price on shares of Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Sanford C. Bernstein set a $67.00 target price on shares of Kura Sushi USA in a research note on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $81.50.

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.