Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $90.00

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target boosted by Barclays from $70.00 to $90.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also commented on the stock. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday. Craig Hallum lifted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Northcoast Research initiated coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average price target of $84.88.

Kura Sushi USA Price Performance

NASDAQ:KRUS traded down $4.12 during mid-day trading on Friday, reaching $90.97. The stock had a trading volume of 237,737 shares, compared to its average volume of 161,684. The stock's 50 day simple moving average is $83.51 and its two-hundred day simple moving average is $80.38. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1,299.57 and a beta of 1.86.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. Kura Sushi USA had a negative return on equity of 0.07% and a negative net margin of 0.30%. The business had revenue of $66.01 million during the quarter, compared to the consensus estimate of $64.13 million. Sell-side analysts anticipate that Kura Sushi USA will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank increased its stake in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company's stock valued at $31,000 after buying an additional 99 shares during the period. Headlands Technologies LLC acquired a new stake in Kura Sushi USA in the first quarter worth approximately $46,000. Quest Partners LLC boosted its stake in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after purchasing an additional 471 shares in the last quarter. Versor Investments LP acquired a new position in shares of Kura Sushi USA during the 2nd quarter valued at $233,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Kura Sushi USA in the 2nd quarter worth $365,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile