Kura Sushi USA, Inc. (NASDAQ:KRUS) Sees Large Decline in Short Interest

Kura Sushi USA, Inc. (NASDAQ:KRUS) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,010,000 shares, a decline of 17.2% from the February 13th total of 1,220,000 shares. Approximately 16.0% of the company’s stock are sold short. Based on an average daily trading volume, of 186,700 shares, the short-interest ratio is presently 5.4 days.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kura Sushi USA by 16.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,624 shares of the company’s stock worth $691,000 after acquiring an additional 1,052 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Kura Sushi USA by 18.7% during the 4th quarter. Two Sigma Advisers LP now owns 29,900 shares of the company’s stock worth $2,708,000 after acquiring an additional 4,700 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Kura Sushi USA by 82.3% in the 4th quarter. Two Sigma Investments LP now owns 68,585 shares of the company’s stock valued at $6,212,000 after purchasing an additional 30,968 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock valued at $9,906,000 after purchasing an additional 101,739 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its stake in shares of Kura Sushi USA by 16.4% in the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock valued at $33,245,000 after purchasing an additional 51,599 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KRUS shares. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Cowen assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday, February 21st. Finally, TD Securities assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

Kura Sushi USA Price Performance

Kura Sushi USA stock traded down $0.37 during midday trading on Tuesday, hitting $51.98. The company’s stock had a trading volume of 352,943 shares, compared to its average volume of 183,371. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The company has a 50-day moving average price of $72.63 and a two-hundred day moving average price of $83.38. The company has a market cap of $627.19 million, a price-to-earnings ratio of -76.44 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Sell-side analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

About Kura Sushi USA