Kura Sushi USA (NASDAQ:KRUS) Now Covered by TD Cowen

TD Cowen began coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm issued a hold rating and a $72.00 price objective on the stock.

KRUS has been the topic of a number of other reports. Barclays upped their price target 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. Piper Sandler upped their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock 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 report on Wednesday, January 8th. Craig Hallum boosted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.20.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $66.80 on Tuesday. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The firm has a market capitalization of $806.01 million, a PE ratio of -98.23 and a beta of 1.81. The company’s fifty day moving average price is $82.53 and its two-hundred day moving average price is $83.98.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently made changes to their positions in KRUS. FMR LLC boosted its holdings in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after buying an additional 390,688 shares during the last quarter. 12 West Capital Management LP increased its stake in shares of Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock valued at $50,400,000 after acquiring an additional 63,000 shares during the last quarter. Fred Alger Management LLC raised its position in shares of Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after acquiring an additional 99,515 shares during the period. Portolan Capital Management LLC boosted its stake in Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after acquiring an additional 156,723 shares during the last quarter. Finally, Granahan Investment Management LLC grew its holdings in Kura Sushi USA by 16.4% during the fourth quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock valued at $33,245,000 after purchasing an additional 51,599 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile