Lake Street Capital Forecasts Strong Price Appreciation for Kura Sushi USA (NASDAQ:KRUS) Stock

Kura Sushi USA (NASDAQ:KRUS) had its price objective increased by equities research analysts at Lake Street Capital from $78.00 to $103.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Lake Street Capital’s target price suggests a potential upside of 14.33% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday. Craig Hallum increased their price target on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Northcoast Research assumed coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective for the company. Finally, Barclays increased their target price on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA 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 company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -115.50 and a beta of 1.84. The stock’s 50 day moving average is $96.63 and its two-hundred day moving average is $79.49.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) EPS 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 predict that Kura Sushi USA will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KRUS. Quest Partners LLC boosted its position in shares of 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 purchasing an additional 471 shares during the last quarter. Janus Henderson Group PLC bought a new position in Kura Sushi USA during the third quarter worth about $237,000. Jennison Associates LLC grew its position in shares of Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after buying an additional 1,292 shares during the period. Rhumbline Advisers increased its stake in shares of Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $521,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA