Kura Sushi USA FY2024 EPS Forecast Lifted by William Blair

Kura Sushi USA, Inc. (NASDAQ:KRUS) – Research analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for Kura Sushi USA in a research report issued on Wednesday, October 23rd. William Blair analyst S. Zackfia now anticipates that the company will earn ($0.26) per share for the year, up from their prior forecast of ($0.33). The consensus estimate for Kura Sushi USA’s current full-year earnings is ($0.33) per share. William Blair also issued estimates for Kura Sushi USA’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at ($0.11) EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.11) EPS and FY2026 earnings at ($0.04) EPS.

Several other research firms have also recently weighed in on KRUS. Northcoast Research assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Citigroup reduced their target price on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Barclays boosted their price target on Kura Sushi USA from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Lake Street Capital cut their price target on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.63.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $98.56 on Monday. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -1,408.00 and a beta of 1.89. The stock has a fifty day moving average price of $77.63 and a 200-day moving average price of $80.70.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Kura Sushi USA by 1.8% during the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after acquiring an additional 5,942 shares during the last quarter. Rheos Capital Works Inc. grew its stake in Kura Sushi USA by 6.3% during the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after purchasing an additional 12,000 shares during the period. Dimensional Fund Advisors LP grew its stake in Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after purchasing an additional 8,146 shares during the period. Lord Abbett & CO. LLC increased its holdings in Kura Sushi USA by 28.1% in the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock worth $11,967,000 after purchasing an additional 22,823 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Kura Sushi USA by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock valued at $11,895,000 after buying an additional 30,836 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA