Kura Sushi USA (NASDAQ:KRUS - Get Free Report) had its price target decreased by equities research analysts at Barclays from $102.00 to $75.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 76.30% from the company's previous close.
Several other equities analysts have also recently commented on KRUS. Citigroup reduced their target price on Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating for the company in a research note on Wednesday, March 26th. TD Cowen assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective 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 on the stock in a research note on Friday, February 21st. TD Securities started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price target for the company. Finally, Benchmark reduced their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.00.
Get Our Latest Stock Analysis on KRUS
Kura Sushi USA Price Performance
Kura Sushi USA stock traded down $1.07 during midday trading on Wednesday, hitting $42.54. 217,358 shares of the company were exchanged, compared to its average volume of 191,247. The company's fifty day moving average price is $64.25 and its 200-day moving average price is $81.78. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The company has a market cap of $513.29 million, a PE ratio of -63.17 and a beta of 1.72.
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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. On average, analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.
Insiders Place Their Bets
In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business'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 directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.
Institutional Trading of Kura Sushi USA
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock valued at $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 worth $24,063,000. Portolan Capital Management LLC boosted its position in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock valued at $33,809,000 after purchasing an additional 156,723 shares during the period. Hood River Capital Management LLC boosted its position in shares of Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company's stock valued at $18,280,000 after purchasing an additional 105,316 shares during the period. Finally, Millennium Management LLC raised its holdings 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 worth $9,906,000 after buying an additional 101,739 shares during the period. 65.49% of the stock is currently owned by institutional investors.
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