Kura Sushi USA (NASDAQ:KRUS – Get Free Report) had its target price cut by investment analysts at Craig Hallum from $120.00 to $85.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 54.46% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the company. Citigroup raised their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Lake Street Capital cut their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 target price (down from $90.00) on shares of Kura Sushi USA in a research report on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.43.
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Kura Sushi USA Stock Up 12.1 %
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division purchased a new position in Kura Sushi USA in the second quarter valued at about $365,000. Virtu Financial LLC purchased a new position in Kura Sushi USA in the first quarter valued at about $370,000. Comerica Bank raised its position in Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares during the period. Castleark Management LLC purchased a new position in Kura Sushi USA in the first quarter valued at about $3,326,000. Finally, Janus Henderson Group PLC purchased a new position in Kura Sushi USA in the first quarter valued at about $513,000. 65.49% of the stock is owned by hedge funds and other institutional investors.
About Kura Sushi USA
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