Northcoast Research Initiates Coverage on Kura Sushi USA (NASDAQ:KRUS)

Research analysts at Northcoast Research initiated coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note issued on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $79.00 price target on the stock. Northcoast Research’s price target would suggest a potential upside of 12.34% from the company’s current price.

Several other research analysts have also recently weighed in on KRUS. Benchmark reissued a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Citigroup reduced their price target on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Barclays lowered 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 report on Wednesday, July 10th. Lake Street Capital lowered their price target on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $70.00 target price (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.38.

Kura Sushi USA Stock Performance

NASDAQ KRUS opened at $70.32 on Tuesday. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The firm has a market capitalization of $789.76 million, a P/E ratio of -1,004.57 and a beta of 1.87. The stock’s fifty day moving average is $59.01 and its two-hundred day moving average is $85.49.

Institutional Investors Weigh In On Kura Sushi USA

Large investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in shares of Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after buying an additional 99 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Kura Sushi USA in the 1st quarter valued at approximately $46,000. Quest Partners LLC purchased a new stake in shares of Kura Sushi USA in the 4th quarter valued at approximately $36,000. 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. Finally, Red Door Wealth Management LLC purchased a new stake in shares of Kura Sushi USA during the 1st quarter worth $237,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA