Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $86.20.

Several analysts have commented on the stock. Lake Street Capital upgraded shares of 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. 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. Piper Sandler raised their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. Finally, TD Securities started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company.

Kura Sushi USA Stock Down 0.8 %

Shares of NASDAQ:KRUS opened at $60.26 on Thursday. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The company’s 50-day moving average price is $78.98 and its two-hundred day moving average price is $83.86. The firm has a market cap of $727.10 million, a P/E ratio of -88.62 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Kura Sushi USA

In related 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 value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KRUS. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA in the fourth quarter valued at about $31,000. Quest Partners LLC raised its stake in Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares in the last quarter. Quantbot Technologies LP acquired a new position in Kura Sushi USA in the fourth quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA in the fourth quarter valued at about $77,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Kura Sushi USA during the fourth quarter worth about $109,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA