TD Securities Reaffirms “Hold” Rating for Kura Sushi USA (NASDAQ:KRUS)

TD Securities reaffirmed their hold rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report report published on Friday,Benzinga reports. They currently have a $72.00 price target on the stock.

A number of other analysts have also commented on KRUS. TD Cowen initiated coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Friday, February 21st. Citigroup lowered their target price on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Finally, Barclays cut their price target on Kura Sushi USA from $102.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Five investment 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 stock has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Kura Sushi USA Stock Performance

Shares of NASDAQ KRUS opened at $43.61 on Friday. The stock has a market cap of $526.20 million, a price-to-earnings ratio of -64.13 and a beta of 1.72. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The firm’s 50-day simple moving average is $64.25 and its 200 day simple moving average is $81.78.

Kura Sushi USA (NASDAQ:KRUS) last posted 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 net margin of 3.08% and a negative return on equity of 0.50%. On average, sell-side analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Activity at Kura Sushi USA

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

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently modified their holdings of KRUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kura Sushi USA by 33.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after purchasing an additional 1,644 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $237,000. State Street Corp lifted its holdings in shares of Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after acquiring an additional 1,016 shares during the last quarter. Barclays PLC grew its position in Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after acquiring an additional 9,229 shares in the last quarter. Finally, Kings Path Partners LLC increased its stake in Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock worth $998,000 after acquiring an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile