Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $71.00 at Citigroup

Kura Sushi USA (NASDAQ:KRUS) had its target price reduced by equities researchers at Citigroup from $116.00 to $71.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 30.61% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Securities started coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. Benchmark reduced their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday, February 21st. Finally, TD Cowen began coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Kura Sushi USA Stock Down 0.1 %

Shares of NASDAQ:KRUS opened at $54.36 on Wednesday. The company has a market capitalization of $655.91 million, a price-to-earnings ratio of -79.94 and a beta of 1.82. The firm has a 50 day moving average of $67.48 and a 200 day moving average of $82.65. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results 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%. On average, sell-side analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Activity

In other Kura Sushi USA 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 transaction of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors have recently bought and sold shares of KRUS. FMR LLC increased its position in shares of Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after purchasing an additional 390,688 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Kura Sushi USA in the 4th quarter valued at $24,063,000. Portolan Capital Management LLC boosted its stake in Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after purchasing an additional 156,723 shares during the last quarter. Hood River Capital Management LLC grew its holdings in shares of Kura Sushi USA by 109.1% during the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after buying an additional 105,316 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Kura Sushi USA by 1,334.5% in the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock valued at $9,906,000 after buying an additional 101,739 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA