Kura Sushi USA (NASDAQ:KRUS) Research Coverage Started at TD Securities

TD Securities started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report report published on Tuesday morning,Benzinga reports. The brokerage issued a hold rating and a $72.00 price target on the stock.

A number of other analysts have also recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Cowen initiated coverage on shares of Kura Sushi USA in a report on Tuesday. They issued a “hold” rating and a $72.00 target price on the stock. 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. Barclays increased their price target on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Finally, Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.20.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $62.68 on Tuesday. The stock has a market capitalization of $756.30 million, a price-to-earnings ratio of -92.18 and a beta of 1.81. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The company’s 50-day simple moving average is $81.38 and its 200-day simple moving average is $83.71.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping 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, research analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the 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 completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Trading of Kura Sushi USA

Institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI bought a new stake in Kura Sushi USA during the fourth quarter worth approximately $31,000. Quest Partners LLC increased its position in shares of 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 purchasing an additional 471 shares during the period. Quantbot Technologies LP bought a new stake in shares of Kura Sushi USA in the 4th quarter worth $61,000. BNP Paribas Financial Markets acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in Kura Sushi USA during the fourth quarter valued at about $109,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile