Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $65.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by Barclays from $95.00 to $65.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently weighed in on KRUS. Craig Hallum cut their target price on shares of Kura Sushi USA from $130.00 to $120.00 and set a buy rating for the company in a research note on Friday. Citigroup raised their target price on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a research note on Friday, April 5th. Piper Sandler initiated coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They set a neutral rating and a $114.00 target price for the company. Lake Street Capital raised their target price 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. Finally, Benchmark reissued a buy rating and issued a $115.00 price objective on shares of Kura Sushi USA in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kura Sushi USA has a consensus rating of Moderate Buy and an average price target of $102.00.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS opened at $63.09 on Friday. The firm has a fifty day moving average price of $97.72 and a 200-day moving average price of $96.22. The stock has a market cap of $708.50 million, a PE ratio of 450.68 and a beta of 1.93. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data 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). The firm had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. On average, research analysts expect that Kura Sushi USA will post 0.24 EPS for the current year.

Insider Transactions at Kura Sushi USA

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

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kura Sushi USA during the 1st quarter valued at about $46,000. Quest Partners LLC bought a new stake in Kura Sushi USA during the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its holdings in Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after buying an additional 746 shares in the last quarter. Finally, RiverPark Advisors LLC raised its holdings in shares of Kura Sushi USA by 293.5% in the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock valued at $167,000 after purchasing an additional 1,083 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA