Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $89.75 Average Target Price from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $89.75.

Several research analysts recently issued reports on KRUS shares. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Craig Hallum upped their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Lake Street Capital upped their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Piper Sandler raised their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Kura Sushi USA Price Performance

NASDAQ:KRUS opened at $72.99 on Friday. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The firm’s 50 day simple moving average is $88.53 and its 200 day simple moving average is $82.50. The company has a market cap of $880.99 million, a PE ratio of -107.34 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) 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%. Equities research analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Buying and Selling

In other 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 completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $31,000. Quest Partners LLC boosted its position in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the period. US Bancorp DE boosted its position in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after buying an additional 547 shares during the period. Quantbot Technologies LP bought a new stake in Kura Sushi USA in the 4th quarter worth $61,000. Finally, Kings Path Partners LLC increased its position 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 acquiring an additional 831 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile