Kura Sushi USA (NASDAQ:KRUS) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Kura Sushi USA (NASDAQ:KRUS) released its earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03, FiscalAI reports. The company had revenue of $79.45 million for the quarter, compared to analyst estimates of $78.08 million. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%. Kura Sushi USA updated its FY 2025 guidance to EPS.

Kura Sushi USA Price Performance

NASDAQ KRUS traded down $6.19 on Friday, reaching $48.54. The company had a trading volume of 1,080,450 shares, compared to its average volume of 306,249. The firm has a market cap of $586.85 million, a price-to-earnings ratio of -303.38 and a beta of 1.75. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $110.66. The business has a 50 day moving average of $66.38 and a two-hundred day moving average of $72.47.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently made changes to their positions in the stock. Man Group plc lifted its stake in shares of Kura Sushi USA by 11.0% in the second quarter. Man Group plc now owns 8,140 shares of the company’s stock worth $701,000 after acquiring an additional 809 shares during the period. Balyasny Asset Management L.P. increased its position in Kura Sushi USA by 13.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 213,105 shares of the company’s stock valued at $18,344,000 after purchasing an additional 24,570 shares during the period. Ameriprise Financial Inc. raised its holdings in Kura Sushi USA by 17.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after purchasing an additional 51,574 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Kura Sushi USA in the 2nd quarter worth approximately $1,532,000. Finally, Rhumbline Advisers lifted its position in shares of Kura Sushi USA by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 9,670 shares of the company’s stock worth $832,000 after purchasing an additional 741 shares during the period. Institutional investors own 65.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays cut their price objective on shares of Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. TD Cowen reduced their price target on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Benchmark lowered their price objective on shares of Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, October 27th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.13.

About Kura Sushi USA