Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $102.00

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $99.38.

A number of equities research analysts have commented on the stock. Lake Street Capital decreased their target price on shares of Kura Sushi USA from $93.00 to $72.00 and set a “hold” rating on the stock in a research note on Monday. Benchmark reaffirmed a “buy” rating and issued a $115.00 target price on shares of Kura Sushi USA in a report on Friday. Citigroup boosted their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Barclays cut their target price on Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Craig Hallum lowered their price target on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday.

Kura Sushi USA Price Performance

KRUS stock opened at $60.40 on Friday. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The stock has a market capitalization of $678.35 million, a P/E ratio of 431.43 and a beta of 1.93. The business has a fifty day moving average price of $97.72 and a 200-day moving average price of $96.66.

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

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KRUS. Comerica Bank increased its position in shares of 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 purchasing an additional 99 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA in the first quarter valued at about $46,000. Quest Partners LLC bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its position in shares of Kura Sushi USA by 237.6% in the 4th 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 during the period. Finally, RiverPark Advisors LLC boosted its stake in shares of Kura Sushi USA by 293.5% during the first 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