Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Rating of “Moderate Buy” by Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $89.75.

Several equities analysts have recently issued reports on the company. Craig Hallum upped their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Barclays lifted their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Lake Street Capital increased their price objective on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Piper Sandler lifted their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC increased its position in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Kura Sushi USA in the third quarter valued at about $237,000. Jennison Associates LLC increased its holdings in shares of Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after acquiring an additional 1,292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kura Sushi USA by 33.4% during 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 period. Finally, Rhumbline Advisers lifted its holdings in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after purchasing an additional 350 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Trading Down 9.3 %

Shares of NASDAQ KRUS opened at $73.52 on Wednesday. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The company has a 50-day moving average of $94.83 and a two-hundred day moving average of $79.85. The company has a market cap of $878.56 million, a PE ratio of -108.12 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data 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%. As a group, equities research analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current year.

About Kura Sushi USA