Barclays Lowers Kura Sushi USA (NASDAQ:KRUS) Price Target to $52.00

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target cut by Barclays from $75.00 to $52.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also recently weighed in on KRUS. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Securities restated a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. Lake Street Capital raised Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price objective for the company in a research report on Friday, February 21st. TD Cowen assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price on the stock. Finally, Benchmark decreased their price target on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Stock Performance

Shares of KRUS traded up $2.07 during mid-day trading on Wednesday, hitting $51.33. 242,304 shares of the company's stock were exchanged, compared to its average volume of 199,602. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The stock's 50-day moving average is $59.94 and its 200-day moving average is $80.05. The company has a market cap of $619.35 million, a price-to-earnings ratio of -75.48 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now directly owns 1,313 shares of the company's stock, valued at $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the 4th quarter worth $31,000. Quantbot Technologies LP acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA in the 4th quarter valued at approximately $77,000. KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA in the 4th quarter valued at approximately $109,000. Finally, US Bancorp DE grew its holdings in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after buying an additional 547 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile