Kura Sushi USA (NASDAQ:KRUS) Upgraded at Lake Street Capital

Lake Street Capital upgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a buy rating in a research note released on Friday morning, MarketBeat.com reports. They currently have $103.00 target price on the stock.

KRUS has been the subject of a number of other research reports. Craig Hallum increased their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays increased their price target 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. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, Piper Sandler increased 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Trading Down 5.7 %

KRUS stock opened at $69.85 on Friday. The stock has a market capitalization of $843.09 million, a PE ratio of -102.72 and a beta of 1.81. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The stock’s 50 day simple moving average is $83.82 and its 200 day simple moving average is $83.87.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results 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%. On average, research 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 company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently bought and sold shares of KRUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kura Sushi USA by 16.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,624 shares of the company’s stock valued at $691,000 after purchasing an additional 1,052 shares during the period. Two Sigma Advisers LP boosted its stake in Kura Sushi USA by 18.7% during the 4th quarter. Two Sigma Advisers LP now owns 29,900 shares of the company’s stock valued at $2,708,000 after acquiring an additional 4,700 shares during the last quarter. Two Sigma Investments LP boosted its stake in Kura Sushi USA by 82.3% during the 4th quarter. Two Sigma Investments LP now owns 68,585 shares of the company’s stock valued at $6,212,000 after acquiring an additional 30,968 shares during the last quarter. Millennium Management LLC boosted its stake in Kura Sushi USA by 1,334.5% during the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock valued at $9,906,000 after acquiring an additional 101,739 shares during the last quarter. Finally, Granahan Investment Management LLC raised its holdings in shares of Kura Sushi USA by 16.4% during the fourth quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock worth $33,245,000 after purchasing an additional 51,599 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA