Kura Sushi USA’s (KRUS) Hold Rating Reiterated at TD Securities

TD Securities reiterated their hold rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $72.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Friday, February 21st. Citigroup cut their target price 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. Barclays decreased their price target on Kura Sushi USA from $102.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Benchmark cut 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 report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Kura Sushi USA presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $43.61 on Friday. The firm’s 50-day simple moving average is $64.25 and its 200 day simple moving average is $81.78. The firm has a market cap of $526.20 million, a P/E ratio of -64.13 and a beta of 1.72. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share 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 analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the business’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 owns 1,313 shares of the company’s stock, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently made changes to their positions in KRUS. SBI Securities Co. Ltd. acquired a new stake in Kura Sushi USA during the 4th quarter valued at approximately $750,000. Barclays PLC boosted its stake in shares of Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after purchasing an additional 9,229 shares during the last quarter. Rhumbline Advisers raised its stake in Kura Sushi USA by 70.0% during the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after buying an additional 5,567 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after acquiring an additional 1,644 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Kura Sushi USA by 113.1% in the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock valued at $3,487,000 after purchasing an additional 20,432 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA