Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $62.00 at Lake Street Capital

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target decreased by Lake Street Capital from $103.00 to $62.00 in a research report report published on Wednesday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

KRUS has been the topic of several other reports. TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Barclays decreased their price target on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Citigroup cut their target price on Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, Benchmark cut their price objective 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, March 25th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average price target of $77.20.

Kura Sushi USA Stock Up 4.2 %

KRUS traded up $2.07 during midday trading on Wednesday, reaching $51.33. The company had a trading volume of 242,304 shares, compared to its average volume of 199,602. The business has a 50-day moving average of $59.94 and a two-hundred day moving average of $80.05. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $121.99. The company has a market cap of $619.35 million, a P/E ratio of -75.48 and a beta of 1.72.

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

Insider Activity at Kura Sushi USA

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

Hedge Funds Weigh In On Kura Sushi USA

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

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