Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Target Price at $72.38

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $72.38.

A number of brokerages have weighed in on KRUS. Northcoast Research began coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Piper Sandler cut their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Craig Hallum cut their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Lake Street Capital cut their target price on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays cut their target price on shares of Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Quest Partners LLC bought a new position in shares of Kura Sushi USA during the fourth quarter valued at $36,000. Millrace Asset Group Inc. bought a new position in Kura Sushi USA during the fourth quarter worth $1,499,000. Campbell & CO Investment Adviser LLC bought a new position in Kura Sushi USA during the fourth quarter worth $457,000. Stephens Inc. AR raised its stake in Kura Sushi USA by 12.9% during the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after buying an additional 104,063 shares during the last quarter. Finally, Wasatch Advisors LP raised its stake in Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after buying an additional 22,621 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Down 0.6 %

NASDAQ KRUS opened at $77.33 on Thursday. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The firm has a market capitalization of $868.49 million, a price-to-earnings ratio of -1,104.71 and a beta of 1.87. The firm’s 50 day simple moving average is $60.02 and its 200 day simple moving average is $85.04.

Kura Sushi USA Company Profile