Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target reduced by Citigroup from $116.00 to $71.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.
Several other equities research analysts also recently weighed in on KRUS. TD Securities started coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. Lake Street Capital upgraded shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 target price for the company in a research note on Friday, February 21st. Benchmark cut their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday. TD Cowen assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective on the stock. Finally, William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.50.
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Kura Sushi USA Trading Down 5.1 %
KRUS stock traded down $2.76 on Wednesday, hitting $51.60. The company's stock had a trading volume of 231,712 shares, compared to its average volume of 188,945. The stock has a market cap of $622.61 million, a price-to-earnings ratio of -75.88 and a beta of 1.82. The firm has a 50 day moving average of $67.48 and a two-hundred day moving average of $82.65. 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 announced its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. As a group, equities analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.
Insider Activity at Kura Sushi USA
In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now owns 1,313 shares of the company's stock, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of KRUS. FMR LLC increased its position in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock worth $100,407,000 after buying an additional 390,688 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Kura Sushi USA during the fourth quarter valued at $24,063,000. Portolan Capital Management LLC increased its position in Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after purchasing an additional 156,723 shares in the last quarter. Hood River Capital Management LLC increased its position in Kura Sushi USA by 109.1% during the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company's stock worth $18,280,000 after purchasing an additional 105,316 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company's stock valued at $9,906,000 after purchasing an additional 101,739 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.
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