Citigroup Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $71.00

Kura Sushi USA (NASDAQ:KRUS) had its price target cut by Citigroup from $116.00 to $71.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also commented on KRUS. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Securities assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. Benchmark reduced their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, TD Cowen began coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA presently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Kura Sushi USA Price Performance

KRUS opened at $51.60 on Wednesday. Kura Sushi USA has a one year low of $48.66 and a one year high of $121.99. The firm has a market capitalization of $622.61 million, a P/E ratio of -75.88 and a beta of 1.82. The company has a fifty day moving average price of $67.04 and a 200-day moving average price of $82.58.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KRUS. Arcadia Investment Management Corp MI acquired a new stake in shares of Kura Sushi USA during the fourth quarter worth $31,000. Quest Partners LLC boosted its stake in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after acquiring an additional 471 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth about $61,000. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA in the 4th quarter worth approximately $77,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the 4th quarter worth about $109,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile