Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $75.00 by Analysts at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its target price reduced by Barclays from $102.00 to $75.00 in a research note published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages also recently commented on KRUS. Citigroup lowered their price objective on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Friday, February 21st. TD Securities initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. Benchmark dropped their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $43.61 on Wednesday. The stock has a market capitalization of $526.20 million, a P/E ratio of -64.13 and a beta of 1.72. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $121.99. The firm’s 50-day moving average is $64.25 and its two-hundred day moving average is $81.78.

Kura Sushi USA (NASDAQ:KRUS) last announced 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 net margin of 3.08% and a negative return on equity of 0.50%. As a group, analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the business’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 transaction, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA during the 4th quarter worth $31,000. Quantbot Technologies LP purchased a new stake in Kura Sushi USA during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at approximately $77,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $109,000. Finally, US Bancorp DE increased its stake in shares of Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after buying an additional 547 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA