Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $102.00 Consensus Target Price from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $99.38.

KRUS has been the topic of several research reports. Barclays cut their price objective on Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, June 28th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Roth Mkm reaffirmed a “buy” rating and set a $90.00 price objective (down from $120.00) on shares of Kura Sushi USA in a research report on Friday, June 28th. Citigroup lifted their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Lake Street Capital cut their price objective on Kura Sushi USA from $93.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, July 1st.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $59.13 on Friday. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81. The company has a market cap of $664.09 million, a PE ratio of 422.36 and a beta of 1.87. The stock’s 50-day moving average is $92.68 and its 200 day moving average is $95.97.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. The business had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. Analysts expect that Kura Sushi USA will post -0.35 EPS for the current fiscal year.

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in Kura Sushi USA in the 4th quarter valued at approximately $2,991,000. Wasatch Advisors LP lifted its position in Kura Sushi USA by 25.1% in the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after acquiring an additional 22,621 shares in the last quarter. Rheos Capital Works Inc. purchased a new stake in Kura Sushi USA during the 1st quarter valued at $10,940,000. Vanguard Group Inc. raised its stake in Kura Sushi USA by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after buying an additional 2,731 shares during the last quarter. Finally, Millrace Asset Group Inc. purchased a new stake in Kura Sushi USA during the 4th quarter valued at $1,499,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile