TD Cowen Begins Coverage on Kura Sushi USA (NASDAQ:KRUS)

Analysts at TD Cowen assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $72.00 price target on the stock. TD Cowen’s target price would suggest a potential upside of 11.27% from the company’s current price.

KRUS has been the topic of a number of other reports. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Friday. Barclays increased their price objective 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. Craig Hallum increased their target price on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, Piper Sandler lifted their target price 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 six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.78.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $64.71 on Tuesday. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The stock has a 50 day moving average price of $83.15 and a two-hundred day moving average price of $83.92. The company has a market capitalization of $780.79 million, a P/E ratio of -95.16 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last announced 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 0.50% and a negative net margin of 3.08%. As a group, equities analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, the director now owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

Several large investors have recently added to or reduced their stakes in KRUS. FMR LLC grew its stake in Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Kura Sushi USA in the fourth quarter worth about $24,063,000. Portolan Capital Management LLC boosted its stake in shares of Kura Sushi USA by 72.4% in the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after buying an additional 156,723 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of Kura Sushi USA by 109.1% in the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after buying an additional 105,316 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock worth $9,906,000 after purchasing an additional 101,739 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA