Kura Sushi USA Director Seitaro Ishii sells shares worth $574,401 By Investing.com
Seitaro Ishii, director at Kura Sushi USA, Inc. (NASDAQ: ), recently reported a significant stock transaction involving the company’s Class A Common Stock. On January 16, Ishii sold 6,918 shares at a weighted average price of $83.03, for a total of $574,401. The sale reduced Ishii’s direct ownership to 1,313 shares. The transaction comes as KRUS shares, currently trading at $78.74, have shown impressive momentum with a 49.64% gain over the past six months, according to InvestingPro data.
In addition to the sale, Ishii exercised options to acquire a total of 6,918 shares of Class A Common Stock. This transaction was part of the company’s 2018 Incentive Compensation Plan, with option prices ranging from $22.65 to $46.15, totaling $199,873. With analyst price targets ranging from $99 to $130, InvestingPro subscribers can access 12 key insights and a complete Pro Research report for an in-depth analysis of this $940 million market cap company.
In other recent news, Kura Sushi USA Inc . was the subject of revised ratings from Piper Sandler, who raised its price target for the company to $99 from $98 while maintaining an average rating. The adjustment comes amid discussions about the potential impact of opening new stores in existing locations, prompting the company to adjust some of its financial projections. Piper Sandler’s updated outlook includes higher near-term estimates for same-store sales (SSS) along with lower forecasts for new store production for fiscal years 2025 and 2026.
At the same time, Kura Sushi reported fourth-quarter earnings, with sales reaching $66 million despite a 3.1% decline in comparable sales performance. The company opened 14 new restaurants in fiscal 2024 and is currently working on six more, with more openings planned for the second half of fiscal 2025. Kura Sushi provided a conservative revenue guidance for fiscal 2025, factoring in the uncertain macroeconomic climate.
These recent events indicate a period of correction and growth for Kura Sushi, analysts and the company itself make estimates based on current trends and possible future developments. It is noteworthy that while the company navigates these changes, it continues to maintain restaurant operating profit margins of more than 20%, demonstrating resilience in the face of challenges.
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