Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $103.00

Kura Sushi USA (NASDAQ:KRUS) had its target price hoisted by equities researchers at Lake Street Capital from $78.00 to $103.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 14.33% from the stock’s current price.

Several other research analysts have also recently weighed in on KRUS. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday. Piper Sandler upped their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Craig Hallum lifted their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Northcoast Research started coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Finally, Barclays lifted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Trading Down 11.8 %

KRUS stock opened at $90.09 on Wednesday. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The business’s 50-day moving average price is $96.63 and its two-hundred day moving average price is $79.49. The firm has a market cap of $1.08 billion, a PE ratio of -115.50 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. On average, analysts forecast that Kura Sushi USA will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KRUS. Quest Partners LLC increased its stake in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Kura Sushi USA during the third quarter worth approximately $237,000. Jennison Associates LLC raised its stake in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after buying an additional 1,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kura Sushi USA by 33.4% in 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 buying an additional 1,644 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA