Lake Street Capital Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $72.00

Kura Sushi USA (NASDAQ:KRUS) had its target price reduced by equities research analysts at Lake Street Capital from $93.00 to $72.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Lake Street Capital’s target price indicates a potential upside of 16.26% from the company’s current price.

A number of other analysts have also weighed in on KRUS. Craig Hallum lowered their target price on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm restated 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. Citigroup upped their target price on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Piper Sandler assumed coverage on shares of Kura Sushi USA in a report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 price target for the company. Finally, Barclays reduced their price objective on Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus target price of $99.38.

Kura Sushi USA Trading Down 1.8 %

Shares of Kura Sushi USA stock traded down $1.16 during mid-day trading on Monday, reaching $61.93. 85,770 shares of the stock were exchanged, compared to its average volume of 137,982. Kura Sushi USA has a fifty-two week low of $51.02 and a fifty-two week high of $122.81. The company has a market cap of $695.54 million, a price-to-earnings ratio of 433.71 and a beta of 1.93. The firm has a 50-day simple moving average of $97.72 and a 200 day simple moving average of $96.66.

Kura Sushi USA (NASDAQ:KRUS) last announced its 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). The business had revenue of $57.29 million during the quarter, compared to analyst estimates of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. On average, research analysts predict that Kura Sushi USA will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the 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 transaction, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently bought and sold shares of the company. Stephens Inc. AR grew its holdings in shares of Kura Sushi USA by 12.9% in the 4th quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock valued at $69,428,000 after buying an additional 104,063 shares during the period. Vanguard Group Inc. grew its stake in Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after acquiring an additional 5,942 shares during the period. Ophir Asset Management Pty Ltd bought a new stake in shares of Kura Sushi USA in the fourth quarter worth about $13,356,000. Wasatch Advisors LP raised its position in shares of Kura Sushi USA by 25.1% during the fourth 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. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Kura Sushi USA by 28.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after purchasing an additional 22,823 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile