TD Securities Reiterates "Hold" Rating for Kura Sushi USA (NASDAQ:KRUS)

TD Securities restated their hold rating on shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) in a report issued on Friday morning,Benzinga reports. The firm currently has a $72.00 target price on the stock.

Several other equities research analysts have also recently weighed in on KRUS. TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price target for the company. Benchmark lowered their target price 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. Citigroup cut their price target on Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Barclays reduced their price target on Kura Sushi USA from $102.00 to $75.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Finally, Lake Street Capital raised Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price objective on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.60.

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Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded up $13.11 on Friday, hitting $54.57. 902,703 shares of the company's stock were exchanged, compared to its average volume of 197,570. The stock has a market capitalization of $658.44 million, a price-to-earnings ratio of -80.25 and a beta of 1.72. Kura Sushi USA has a 12 month low of $39.40 and a 12 month high of $121.99. The business's 50 day simple moving average is $62.08 and its two-hundred day simple moving average is $80.90.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $64.89 million during the quarter, compared to analysts' expectations of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the business earned ($0.09) EPS. Equities analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Kura Sushi USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Driehaus Capital Management LLC purchased a new position in shares of Kura Sushi USA in the fourth quarter worth about $24,063,000. Portolan Capital Management LLC increased its holdings in Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after buying an additional 156,723 shares during the period. Hood River Capital Management LLC raised 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 buying an additional 105,316 shares during the last quarter. Millennium Management LLC lifted its stake in Kura Sushi USA by 1,334.5% during the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company's stock valued at $9,906,000 after acquiring an additional 101,739 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Kura Sushi USA by 85.5% in the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company's stock valued at $17,093,000 after acquiring an additional 87,001 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

About Kura Sushi USA