TD Cowen Begins Coverage on Kura Sushi USA (NASDAQ:KRUS)

Equities researchers at TD Cowen initiated coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $72.00 price target on the stock. TD Cowen’s price target would suggest a potential upside of 11.27% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday. Piper Sandler upped their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Craig Hallum boosted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays boosted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.78.

Kura Sushi USA Price Performance

KRUS stock opened at $64.71 on Tuesday. The company has a fifty day moving average price of $83.15 and a two-hundred day moving average price of $83.92. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The stock has a market cap of $780.79 million, a price-to-earnings ratio of -95.16 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in Kura Sushi USA by 4.2% during the 4th quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock worth $535,000 after acquiring an additional 238 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA during the 4th quarter worth $31,000. Price T Rowe Associates Inc. MD raised its stake in shares of Kura Sushi USA by 13.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock worth $360,000 after purchasing an additional 466 shares during the period. Quest Partners LLC raised its stake in 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 acquiring an additional 471 shares during the period. Finally, US Bancorp DE raised its stake in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA