Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $89.75

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $89.75.

Several research analysts have commented on KRUS shares. Lake Street Capital upped their price objective on shares of Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Barclays lifted their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler raised their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Craig Hallum lifted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $73.52 on Wednesday. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The stock has a fifty day moving average of $95.18 and a 200 day moving average of $79.63. The firm has a market capitalization of $878.78 million, a price-to-earnings ratio of -108.12 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Equities analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its stake in Kura Sushi USA by 13.4% during the 4th quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock valued at $2,089,000 after purchasing an additional 2,728 shares during the last quarter. Kings Path Partners LLC boosted its position in shares of Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after buying an additional 831 shares during the last quarter. Barclays PLC boosted its position in shares of Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after buying an additional 9,229 shares during the last quarter. State Street Corp increased its holdings in Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after buying an additional 1,016 shares in the last quarter. Finally, Portolan Capital Management LLC raised its position in Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after buying an additional 28,655 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA