Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $89.75.

KRUS has been the subject of several recent analyst reports. Craig Hallum boosted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Lake Street Capital increased their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a "hold" rating in a research 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. Finally, Barclays upped their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th.

Kura Sushi USA Price Performance

Shares of KRUS traded down $7.50 during midday trading on Wednesday, reaching $73.52. The stock had a trading volume of 262,464 shares, compared to its average volume of 115,020. The company has a market cap of $878.56 million, a price-to-earnings ratio of -108.12 and a beta of 1.84. The company's fifty day simple moving average is $94.83 and its two-hundred day simple moving average is $79.72. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted 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%. On average, sell-side analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently made changes to their positions in the business. Barclays PLC raised its stake 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 worth $914,000 after purchasing an additional 9,229 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in Kura Sushi USA during the 3rd quarter worth $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kura Sushi USA by 33.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock worth $529,000 after acquiring an additional 1,644 shares during the period. Rheos Capital Works Inc. boosted its holdings in shares of Kura Sushi USA by 6.3% in the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company's stock valued at $16,434,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Fred Alger Management LLC increased its stake in shares of Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company's stock worth $40,731,000 after acquiring an additional 99,515 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

About Kura Sushi USA