Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $102.00 Average PT from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $99.38.

KRUS has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They set a “neutral” rating and a $114.00 price target on the stock. Barclays dropped their target price on Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday. Roth Mkm reissued a “buy” rating and set a $90.00 price target (down from $120.00) on shares of Kura Sushi USA in a research report on Friday. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Finally, Craig Hallum reduced their price objective on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $60.40 on Friday. The company has a market capitalization of $678.35 million, a PE ratio of 431.43 and a beta of 1.93. The company has a 50-day simple moving average of $97.72 and a two-hundred day simple moving average of $96.66. Kura Sushi USA has a one year low of $51.02 and a one year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share 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 business had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. On average, equities analysts predict that Kura Sushi USA will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at $144,390.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Kura Sushi USA

Several institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its stake in Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kura Sushi USA by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after acquiring an additional 232 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kura Sushi USA in the first quarter worth approximately $46,000. Essex Investment Management Co. LLC increased its position in shares of Kura Sushi USA by 1.5% during the first quarter. Essex Investment Management Co. LLC now owns 28,751 shares of the company’s stock worth $3,311,000 after purchasing an additional 419 shares in the last quarter. Finally, Valmark Advisers Inc. raised its stake in Kura Sushi USA by 2.8% in the 4th quarter. Valmark Advisers Inc. now owns 16,601 shares of the company’s stock valued at $1,262,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA