Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $71.00

Kura Sushi USA (NASDAQ:KRUS) had its target price boosted by Barclays from $52.00 to $71.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on KRUS. Lake Street Capital dropped their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. TD Securities reissued a “hold” rating and issued a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Benchmark reduced their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Citigroup lowered their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Kura Sushi USA currently has an average rating of “Moderate Buy” and a consensus target price of $79.10.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $81.96 on Thursday. The firm has a market cap of $990.90 million, a price-to-earnings ratio of -91.07 and a beta of 1.61. The firm has a fifty day moving average price of $68.79 and a 200 day moving average price of $70.81. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. The company had revenue of $64.89 million during the quarter, compared to analysts’ expectations of $66.30 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Driehaus Capital Management LLC purchased a new position in Kura Sushi USA during the fourth quarter worth $24,063,000. Portolan Capital Management LLC raised its stake in shares of Kura Sushi USA by 72.4% in the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock valued at $33,809,000 after acquiring an additional 156,723 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after acquiring an additional 105,316 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Kura Sushi USA by 1,334.5% during the 4th 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 period. Finally, Marshall Wace LLP boosted its stake in shares of Kura Sushi USA by 85.5% during the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company’s stock worth $17,093,000 after purchasing an additional 87,001 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA