Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) PT at $86.20

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $86.20.

A number of equities research analysts have weighed in on the stock. TD Securities assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. TD Cowen assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday, February 21st. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th.

Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of KRUS. Royce & Associates LP lifted its position in shares of Kura Sushi USA by 12.1% during the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company’s stock valued at $2,981,000 after acquiring an additional 4,000 shares during the period. Quest Partners LLC lifted its position in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after acquiring an additional 471 shares during the period. Jennison Associates LLC lifted its position in shares of Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Kura Sushi USA during the 3rd quarter valued at $2,609,000. Finally, FMR LLC lifted its position in shares of Kura Sushi USA by 45.7% during the 3rd 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 period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

KRUS stock opened at $58.32 on Thursday. The company has a 50 day simple moving average of $77.66 and a 200 day simple moving average of $83.80. The stock has a market cap of $703.69 million, a price-to-earnings ratio of -85.76 and a beta of 1.82. 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 released its quarterly earnings data 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 net margin of 3.08% and a negative return on equity of 0.50%. On average, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

About Kura Sushi USA