Kura Sushi USA (NASDAQ:KRUS) Given New $120.00 Price Target at Craig Hallum

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by Craig Hallum from $130.00 to $120.00 in a research note issued to investors on Friday, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. William Blair reaffirmed an outperform rating on shares of Kura Sushi USA in a report on Friday, April 5th. Lake Street Capital lifted their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a hold rating in a research note on Friday, April 5th. Citigroup boosted their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a report on Friday, April 5th. Roth Mkm restated a buy rating and set a $90.00 price objective (down from $120.00) on shares of Kura Sushi USA in a research note on Friday. Finally, Barclays lifted their price target on shares of Kura Sushi USA from $82.00 to $95.00 and gave the stock an equal weight rating in a report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $99.38.

Kura Sushi USA Price Performance

KRUS stock opened at $60.40 on Friday. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The business has a 50 day simple moving average of $97.72 and a two-hundred day simple moving average of $96.66. The company has a market capitalization of $678.35 million, a price-to-earnings ratio of 431.43 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The company had revenue of $57.29 million for the quarter, compared to the consensus estimate of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. Sell-side analysts anticipate that Kura Sushi USA will post 0.24 EPS for the current fiscal year.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at $144,390.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KRUS. Comerica Bank raised its position in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares during the last quarter. Quest Partners LLC purchased a new position in Kura Sushi USA in the fourth quarter worth approximately $36,000. Headlands Technologies LLC purchased a new position in shares of Kura Sushi USA during the 1st quarter worth $46,000. Tower Research Capital LLC TRC increased its position in shares of Kura Sushi USA by 237.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after acquiring an additional 746 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Kura Sushi USA in the 4th quarter valued at approximately $113,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile