Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $89.75

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $89.75.

A number of equities research analysts have issued reports on KRUS shares. Barclays boosted their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Lake Street Capital boosted their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Craig Hallum boosted their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th.

Institutional Trading of Kura Sushi USA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after buying an additional 350 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 valued at $11,602,000 after acquiring an additional 8,146 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Kura Sushi USA in the second quarter valued at about $1,155,000. XTX Topco Ltd purchased a new position in shares of Kura Sushi USA in the second quarter valued at about $521,000. Finally, Rheos Capital Works Inc. boosted its stake in shares of Kura Sushi USA by 6.3% in the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after acquiring an additional 12,000 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Down 9.3 %

Shares of KRUS opened at $73.52 on Wednesday. The firm has a fifty day simple moving average of $95.18 and a two-hundred day simple moving average of $79.63. The firm has a market cap of $878.78 million, a PE ratio of -108.12 and a beta of 1.84. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, research analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile