Craig Hallum Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $120.00

Kura Sushi USA (NASDAQ:KRUS) had its target price decreased by investment analysts at Craig Hallum from $130.00 to $120.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 90.20% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Piper Sandler assumed coverage on Kura Sushi USA in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 target price for the company. Lake Street Capital increased their target price on Kura Sushi USA from $70.00 to $93.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Roth Mkm reiterated a “buy” rating and issued a $90.00 target price (down from $120.00) on shares of Kura Sushi USA in a research report on Friday. Citigroup raised their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Benchmark restated a “buy” rating and set a $115.00 price objective on shares of Kura Sushi USA in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.00.

Kura Sushi USA Stock Down 23.4 %

NASDAQ:KRUS opened at $63.09 on Friday. The stock’s 50-day simple moving average is $97.72 and its 200 day simple moving average is $96.22. The firm has a market capitalization of $708.50 million, a PE ratio of 450.68 and a beta of 1.93. Kura Sushi USA has a twelve month low of $51.02 and a twelve month high of $122.81.

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

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the sale, the director now directly owns 1,313 shares in the company, valued at $144,390.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in KRUS. Comerica Bank increased its holdings in Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC bought a new stake in Kura Sushi USA in the fourth quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in Kura Sushi USA in the first quarter worth approximately $46,000. Tower Research Capital LLC TRC increased its holdings in Kura Sushi USA by 237.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after purchasing an additional 746 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Kura Sushi USA in the fourth quarter worth approximately $113,000. 65.49% of the stock is currently owned by institutional investors.

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