Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $103.00 at Lake Street Capital

Kura Sushi USA (NASDAQ:KRUS) had its price target boosted by Lake Street Capital from $78.00 to $103.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

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

Kura Sushi USA Trading Down 11.8 %

NASDAQ KRUS 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 firm’s fifty day simple moving average is $96.83 and its 200-day simple moving average is $79.42. The company has a market capitalization of $1.08 billion, a PE ratio of -115.50 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts predict that Kura Sushi USA will post 0.09 EPS for the current year.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kings Path Partners LLC lifted its stake in shares of Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after buying an additional 831 shares during the period. Barclays PLC lifted its position in shares of Kura Sushi USA by 438.6% in 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 during the period. State Street Corp grew its holdings in shares of Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after purchasing an additional 1,016 shares in the last quarter. Portolan Capital Management LLC grew its holdings in shares of Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after purchasing an additional 28,655 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA during the third quarter valued at approximately $237,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile