Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $103.00

Kura Sushi USA (NASDAQ:KRUS) had its price objective upped by Lake Street Capital from $78.00 to $103.00 in a research report report published on Wednesday morning,Benzinga reports. Lake Street Capital currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler increased their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays raised their target price on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Craig Hallum upped their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday. Finally, Northcoast Research initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $87.57 on Wednesday. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The stock has a market cap of $1.05 billion, a PE ratio of -112.27 and a beta of 1.84. The stock has a 50 day moving average price of $96.39 and a 200 day moving average price of $79.50.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. As a group, analysts predict that Kura Sushi USA will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

A number of institutional investors and hedge funds have recently bought and sold shares of KRUS. Kings Path Partners LLC grew its holdings in shares of Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after purchasing an additional 831 shares in the last quarter. Barclays PLC grew its stake in shares of Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after acquiring an additional 9,229 shares in the last quarter. State Street Corp increased its position in shares of Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after acquiring an additional 1,016 shares during the period. Portolan Capital Management LLC raised its stake in shares of Kura Sushi USA by 15.3% in the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Kura Sushi USA in the third quarter valued at $237,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA