Kura Sushi USA (NASDAQ:KRUS) Given New $52.00 Price Target at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price target decreased by Barclays from $75.00 to $52.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 2.14% from the stock’s current price.

Other analysts have also issued research reports about the company. Benchmark dropped their price objective 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. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Citigroup decreased their price objective on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. TD Securities reiterated a “hold” rating and set a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Finally, Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.20.

Kura Sushi USA Stock Performance

KRUS stock opened at $50.91 on Wednesday. The firm has a market cap of $614.28 million, a P/E ratio of -74.87 and a beta of 1.72. The firm’s fifty day moving average is $60.50 and its 200 day moving average is $80.29. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data 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 0.50% and a negative net margin of 3.08%. 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 prior year, the firm posted ($0.09) EPS. As a group, analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA during the 4th quarter valued at $31,000. Quantbot Technologies LP purchased a new stake in Kura Sushi USA in the fourth quarter worth about $61,000. BNP Paribas Financial Markets bought a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $77,000. KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $109,000. Finally, US Bancorp DE boosted its position in shares of Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after purchasing an additional 547 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile