Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $87.50

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $86.00.

A number of analysts have issued reports on the company. TD Securities assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Citigroup cut their price target on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. TD Cowen initiated coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Benchmark cut their target price on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Finally, Barclays decreased their price target on Kura Sushi USA from $102.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on Thursday, January 16th. The shares were 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 in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KRUS. Quest Partners LLC raised its holdings in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after acquiring an additional 471 shares in the last quarter. FMR LLC raised its position in shares of Kura Sushi USA by 45.7% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kura Sushi USA by 33.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares during the period. Verition Fund Management LLC raised its holdings in Kura Sushi USA by 914.2% in the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after purchasing an additional 46,549 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Kura Sushi USA during the third quarter valued at $237,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Up 1.7 %

NASDAQ:KRUS opened at $53.65 on Monday. The company has a fifty day moving average of $65.58 and a 200-day moving average of $82.25. The firm has a market capitalization of $647.34 million, a P/E ratio of -78.90 and a beta of 1.82. Kura Sushi USA has a twelve month low of $47.46 and a twelve month high of $121.99.

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, 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%. On average, analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile