Citigroup Has Lowered Expectations for Kura Sushi USA (NASDAQ:KRUS) Stock Price

Kura Sushi USA (NASDAQ:KRUS) had its price objective reduced by stock analysts at Citigroup from $116.00 to $71.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 30.61% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. TD Securities began coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company. Benchmark dropped their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday, February 21st. TD Cowen began coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $54.36 on Wednesday. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The company has a market capitalization of $655.91 million, a P/E ratio of -79.94 and a beta of 1.82. The company has a fifty day moving average of $67.48 and a 200 day moving average of $82.65.

Kura Sushi USA (NASDAQ:KRUS) last released its 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 return on equity of 0.50% and a negative net margin of 3.08%. Analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Buying and Selling

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 sale, the director now directly 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. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. FMR LLC lifted its stake in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after acquiring an additional 390,688 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Kura Sushi USA in the fourth quarter worth $24,063,000. Portolan Capital Management LLC lifted its position in shares of Kura Sushi USA by 72.4% during the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after purchasing an additional 156,723 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of Kura Sushi USA by 109.1% during the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock valued at $18,280,000 after purchasing an additional 105,316 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Kura Sushi USA by 1,334.5% in the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock worth $9,906,000 after purchasing an additional 101,739 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA