Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $63.00 by Analysts at Piper Sandler

Kura Sushi USA (NASDAQ:KRUS) had its price target decreased by Piper Sandler from $89.00 to $63.00 in a research report report published on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

KRUS has been the subject of a number of other research reports. Lake Street Capital reduced their price objective on Kura Sushi USA from $72.00 to $64.00 and set a hold rating for the company in a research note on Wednesday. Citigroup reduced their price objective on Kura Sushi USA from $79.00 to $68.00 and set a neutral rating for the company in a research note on Wednesday. Benchmark reiterated a buy rating and set a $90.00 price objective on shares of Kura Sushi USA in a research note on Wednesday. William Blair reiterated an outperform rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Finally, Barclays reduced their price objective on Kura Sushi USA from $65.00 to $60.00 and set an equal weight rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $71.43.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $55.03 on Thursday. The firm has a market capitalization of $617.99 million, a price-to-earnings ratio of -786.14 and a beta of 1.87. The business has a fifty day moving average of $88.58 and a 200 day moving average of $95.51. Kura Sushi USA has a 1 year low of $49.01 and a 1 year high of $122.81.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently modified their holdings of KRUS. Vanguard Group Inc. grew its position in shares of Kura Sushi USA by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after acquiring an additional 2,731 shares during the period. SG Americas Securities LLC acquired a new stake in Kura Sushi USA in the 4th quarter worth about $113,000. Legato Capital Management LLC boosted its holdings in Kura Sushi USA by 35.2% in the 4th quarter. Legato Capital Management LLC now owns 14,584 shares of the company’s stock worth $1,108,000 after buying an additional 3,796 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Kura Sushi USA by 5.0% in the 4th quarter. New York State Common Retirement Fund now owns 19,952 shares of the company’s stock worth $1,516,000 after buying an additional 953 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in Kura Sushi USA by 2.8% in the 4th quarter. Valmark Advisers Inc. now owns 16,601 shares of the company’s stock worth $1,262,000 after buying an additional 448 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile