Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Rating of “Moderate Buy” from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $87.50.

Several research analysts recently weighed in on the stock. TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Citigroup reduced their price target on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. TD Securities started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, Benchmark decreased their target price on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th.

Kura Sushi USA Stock Down 5.1 %

NASDAQ:KRUS opened at $51.60 on Monday. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $121.99. The stock’s fifty day simple moving average is $67.04 and its 200-day simple moving average is $82.81. The firm has a market capitalization of $622.61 million, a P/E ratio of -75.88 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

Institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after acquiring an additional 390,688 shares during the last quarter. 12 West Capital Management LP grew its stake in Kura Sushi USA by 12.8% in the fourth quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock valued at $50,400,000 after purchasing an additional 63,000 shares in the last quarter. Portolan Capital Management LLC grew its stake in Kura Sushi USA by 72.4% in the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock valued at $33,809,000 after purchasing an additional 156,723 shares in the last quarter. Granahan Investment Management LLC increased its position in shares of Kura Sushi USA by 16.4% during the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock worth $33,245,000 after purchasing an additional 51,599 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Kura Sushi USA by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company’s stock worth $32,413,000 after purchasing an additional 19,025 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA