Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $65.00

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by research analysts at Barclays from $95.00 to $65.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 3.03% from the company’s current price.

Several other research analysts have also recently issued reports on KRUS. Roth Mkm reiterated a “buy” rating and issued a $90.00 price objective (down previously from $120.00) on shares of Kura Sushi USA in a research report on Friday. Piper Sandler began coverage on Kura Sushi USA in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $115.00 price objective on shares of Kura Sushi USA in a research report on Friday. Craig Hallum cut their price objective on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup increased their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $63.09 on Friday. Kura Sushi USA has a 12 month low of $51.02 and a 12 month high of $122.81. The business has a 50 day simple moving average of $97.72 and a 200-day simple moving average of $96.22. The stock has a market capitalization of $708.50 million, a PE ratio of 450.68 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.08). Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. The company had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.24 EPS for the current year.

Insider Buying and Selling

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the sale, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Kura Sushi USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in shares of Kura Sushi USA during the 4th quarter worth about $2,991,000. Wasatch Advisors LP grew its holdings in shares of Kura Sushi USA by 25.1% during the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after purchasing an additional 22,621 shares during the period. Rheos Capital Works Inc. purchased a new stake in shares of Kura Sushi USA during the 1st quarter worth about $10,940,000. Vanguard Group Inc. grew its holdings in shares of Kura Sushi USA by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock worth $20,191,000 after purchasing an additional 2,731 shares during the period. Finally, Millrace Asset Group Inc. purchased a new stake in shares of Kura Sushi USA during the 4th quarter worth about $1,499,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile