Q3 2023 EPS Estimates for Kura Sushi USA, Inc. Decreased by William Blair (NASDAQ:KRUS)

Posted by on Jun 26th, 2023

Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) – Equities researchers at William Blair dropped their Q3 2023 earnings per share (EPS) estimates for shares of Kura Sushi USA in a research report issued to clients and investors on Thursday, June 22nd. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.11. The consensus estimate for Kura Sushi USA’s current full-year earnings is ($0.06) per share. William Blair also issued estimates for Kura Sushi USA’s Q4 2023 earnings at $0.18 EPS and FY2024 earnings at $0.15 EPS.

Several other equities research analysts also recently issued reports on the company. Lake Street Capital began coverage on Kura Sushi USA in a report on Wednesday, April 26th. They issued a “hold” rating and a $65.00 price target for the company. TheStreet upgraded shares of Kura Sushi USA from a “d+” rating to a “c-” rating in a report on Tuesday, March 21st. Craig Hallum upped their price target on shares of Kura Sushi USA from $70.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, April 5th. Citigroup started coverage on shares of Kura Sushi USA in a report on Friday, June 2nd. They set a “neutral” rating and a $88.00 price objective on the stock. Finally, Benchmark increased their target price on Kura Sushi USA from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and an average target price of $77.86.

Kura Sushi USA Stock Down 0.2 %

Shares of KRUS stock opened at $86.43 on Monday. Kura Sushi USA has a 12 month low of $37.97 and a 12 month high of $96.60. The stock has a 50-day moving average price of $74.44 and a 200 day moving average price of $64.66. The firm has a market cap of $943.82 million, a price-to-earnings ratio of -1,234.54 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS – Get Rating) last issued its quarterly earnings data on Tuesday, April 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.10. Kura Sushi USA had a negative return on equity of 0.59% and a negative net margin of 0.44%. The company had revenue of $43.94 million during the quarter, compared to analysts’ expectations of $41.79 million. During the same period last year, the business earned ($0.19) earnings per share. The business’s revenue was up 40.4% on a year-over-year basis.

Institutional Trading of Kura Sushi USA

Large investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI bought a new position in Kura Sushi USA in the first quarter worth $56,000. Lazard Asset Management LLC purchased a new stake in Kura Sushi USA in the fourth quarter worth about $43,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kura Sushi USA by 521.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the company’s stock valued at $75,000 after purchasing an additional 850 shares during the last quarter. Barclays PLC boosted its position in shares of Kura Sushi USA by 533.7% in the 4th quarter. Barclays PLC now owns 1,242 shares of the company’s stock worth $59,000 after purchasing an additional 1,046 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Kura Sushi USA by 2,040.6% in the 3rd quarter. UBS Group AG now owns 1,477 shares of the company’s stock worth $109,000 after buying an additional 1,408 shares during the last quarter. 48.08% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile

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Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.

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