Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $89.75.

A number of research analysts have recently weighed in on KRUS shares. Piper Sandler raised their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Lake Street Capital raised their price target on Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Barclays raised their price target 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. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, Craig Hallum raised their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new stake in Kura Sushi USA in the 4th quarter worth about $31,000. Price T Rowe Associates Inc. MD boosted its stake in Kura Sushi USA by 13.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock worth $360,000 after buying an additional 466 shares during the last quarter. Quest Partners LLC boosted its stake in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the last quarter. US Bancorp DE boosted its stake in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after buying an additional 547 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Kura Sushi USA in the 4th quarter worth about $61,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $77.44 on Friday. The stock has a fifty day moving average price of $86.21 and a two-hundred day moving average price of $82.68. The stock has a market capitalization of $934.39 million, a price-to-earnings ratio of -113.88 and a beta of 1.81. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. On average, analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

Kura Sushi USA Company Profile