Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $70.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its target price boosted by Barclays from $60.00 to $70.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

KRUS has been the subject of a number of other reports. Craig Hallum lowered their price objective on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Lake Street Capital lowered their price objective on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Citigroup lowered their price objective on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Northcoast Research started coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Finally, Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.63.

Kura Sushi USA Trading Up 1.4 %

Kura Sushi USA stock opened at $94.50 on Tuesday. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The company has a market capitalization of $1.06 billion, a PE ratio of -1,350.00 and a beta of 1.89. The stock has a 50-day moving average price of $75.68 and a two-hundred day moving average price of $81.32.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in 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 acquiring an additional 99 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Kura Sushi USA by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after acquiring an additional 232 shares during the period. Rhumbline Advisers grew its stake in Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the period. Headlands Technologies LLC acquired a new stake in Kura Sushi USA in the first quarter valued at approximately $46,000. Finally, Essex Investment Management Co. LLC grew its stake in Kura Sushi USA by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 28,751 shares of the company’s stock valued at $3,311,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile