Lake Street Capital Has Lowered Expectations for Kura Sushi USA (NASDAQ:KRUS) Stock Price

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by research analysts at Lake Street Capital from $103.00 to $62.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s target price indicates a potential upside of 21.78% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. TD Securities reiterated a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Citigroup decreased their target price on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. TD Cowen assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. Benchmark reduced their price objective 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, Barclays dropped their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.20.

Kura Sushi USA Stock Down 6.7 %

NASDAQ:KRUS opened at $50.91 on Wednesday. The firm has a market capitalization of $614.28 million, a price-to-earnings ratio of -74.87 and a beta of 1.72. Kura Sushi USA has a twelve month low of $40.03 and a twelve month high of $121.99. The stock’s 50 day moving average price is $60.50 and its two-hundred day moving average price is $80.29.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. As a group, analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction 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 owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

Several large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Kura Sushi USA during the fourth quarter worth about $750,000. Barclays PLC boosted its position in shares of Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after acquiring an additional 9,229 shares in the last quarter. Rhumbline Advisers increased its stake in Kura Sushi USA by 70.0% in the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock valued at $1,225,000 after acquiring an additional 5,567 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kura Sushi USA by 33.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Kura Sushi USA by 113.1% during the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock worth $3,487,000 after purchasing an additional 20,432 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile