Kura Sushi USA (NASDAQ:KRUS) Earns Outperform Rating from William Blair

Kura Sushi USA (NASDAQ:KRUS - Get Free Report)'s stock had its "outperform" rating reissued by William Blair in a report released on Friday, RTT News reports.

Several other equities research analysts have also commented on KRUS. Craig Hallum upped their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup upped their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a "neutral" rating in a report on Friday. Benchmark upped their price target on shares of Kura Sushi USA from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, January 12th. Finally, Lake Street Capital upped their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a "hold" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $108.86.

Kura Sushi USA Stock Performance

NASDAQ:KRUS traded up $6.20 during midday trading on Friday, reaching $110.05. 609,689 shares of the stock traded hands, compared to its average volume of 123,801. Kura Sushi USA has a 12-month low of $51.02 and a 12-month high of $122.81. The business has a 50-day moving average of $101.89 and a two-hundred day moving average of $81.05. The stock has a market capitalization of $1.23 billion, a PE ratio of 846.60 and a beta of 1.98.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Thursday, January 4th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Kura Sushi USA had a net margin of 0.77% and a return on equity of 1.06%. The business had revenue of $51.48 million during the quarter, compared to analysts' expectations of $51.95 million. Research analysts anticipate that Kura Sushi USA will post 0.37 earnings per share for the current year.

Insiders Place Their Bets

In other Kura Sushi USA news, insider Brent Takao sold 14,422 shares of the company'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 completion of the transaction, the insider now owns 1,687 shares in the company, valued at $150,092.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Trexquant Investment LP raised its position in shares of Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company's stock worth $350,000 after purchasing an additional 1,208 shares during the last quarter. Valmark Advisers Inc. raised its position in shares of Kura Sushi USA by 101.2% during the 3rd quarter. Valmark Advisers Inc. now owns 16,153 shares of the company's stock worth $1,068,000 after purchasing an additional 8,123 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Kura Sushi USA by 14.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company's stock worth $13,865,000 after purchasing an additional 25,985 shares during the last quarter. Legato Capital Management LLC raised its position in shares of Kura Sushi USA by 35.2% during the 4th quarter. Legato Capital Management LLC now owns 14,584 shares of the company's stock worth $1,108,000 after purchasing an additional 3,796 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Kura Sushi USA by 23.1% in the 2nd quarter. Marshall Wace LLP now owns 248,939 shares of the company's stock valued at $23,139,000 after acquiring an additional 46,795 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

About Kura Sushi USA