Kura Sushi USA (NASDAQ:KRUS) Stock Rating Upgraded by Lake Street Capital

Lake Street Capital upgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat reports. Lake Street Capital currently has $103.00 price target on the stock.

A number of other analysts have also issued reports on the stock. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Craig Hallum raised their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays raised 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 research report on Friday, November 8th. Finally, Piper Sandler raised their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Price Performance

Shares of KRUS opened at $69.85 on Friday. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The company has a 50-day moving average of $83.82 and a two-hundred day moving average of $83.87. The stock has a market cap of $843.09 million, a price-to-earnings ratio of -102.72 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) 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%. Analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity

In related news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA 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 directly 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 filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after purchasing an additional 9,229 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth about $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kura Sushi USA by 33.4% during 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 worth $529,000 after buying an additional 1,644 shares during the period. Fred Alger Management LLC grew its position in shares of Kura Sushi USA by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares during the period. Finally, Millrace Asset Group Inc. acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth about $790,000. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA