Kura Sushi USA (NASDAQ:KRUS) Now Covered by Analysts at TD Securities

Investment analysts at TD Securities started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report issued on Tuesday,Benzinga reports. The brokerage set a “hold” rating and a $72.00 price target on the stock. TD Securities’ target price points to a potential upside of 11.27% from the company’s previous close.

A number of other research analysts have also commented on the company. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Piper Sandler boosted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Craig Hallum lifted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. TD Cowen began coverage on shares of Kura Sushi USA in a research report on Tuesday. They set a “hold” rating and a $72.00 target price for the company. Finally, Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Kura Sushi USA has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $64.71 on Tuesday. The company has a market cap of $780.79 million, a PE ratio of -95.16 and a beta of 1.81. The firm 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 fifty-two week low of $48.66 and a fifty-two week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kura Sushi USA by 16.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,624 shares of the company’s stock worth $691,000 after buying an additional 1,052 shares during the last quarter. Two Sigma Advisers LP increased its stake in Kura Sushi USA by 18.7% in the 4th quarter. Two Sigma Advisers LP now owns 29,900 shares of the company’s stock valued at $2,708,000 after buying an additional 4,700 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Kura Sushi USA by 82.3% during the 4th quarter. Two Sigma Investments LP now owns 68,585 shares of the company’s stock worth $6,212,000 after purchasing an additional 30,968 shares in the last quarter. Millennium Management LLC increased its stake in shares of Kura Sushi USA by 1,334.5% during the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock worth $9,906,000 after purchasing an additional 101,739 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its stake in shares of Kura Sushi USA by 16.4% during the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock worth $33,245,000 after acquiring an additional 51,599 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile