William Blair Reiterates Outperform Rating for Kura Sushi USA (NASDAQ:KRUS)

Kura Sushi USA (NASDAQ:KRUS - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at William Blair in a research note issued on Wednesday,RTT News reports.

Several other equities research analysts have also issued reports on the stock. Piper Sandler boosted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Craig Hallum increased their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Northcoast Research assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a "buy" rating and a $79.00 price target for the company. Finally, Barclays upped their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $89.75.

Kura Sushi USA Price Performance

KRUS stock traded down $12.09 on Wednesday, reaching $90.09. 390,164 shares of the company were exchanged, compared to its average volume of 230,232. The firm has a market capitalization of $1.08 billion, a PE ratio of -115.50 and a beta of 1.84. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The stock's fifty day moving average price is $97.00 and its 200 day moving average price is $79.34.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. As a group, research analysts expect that Kura Sushi USA will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors have recently bought and sold shares of the business. Kings Path Partners LLC raised its stake in shares of Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock worth $998,000 after acquiring an additional 831 shares during the last quarter. Barclays PLC increased its holdings in shares of Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company's stock valued at $914,000 after purchasing an additional 9,229 shares in the last quarter. State Street Corp raised its position in Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company's stock worth $10,317,000 after purchasing an additional 1,016 shares during the last quarter. Portolan Capital Management LLC increased its stake in shares of Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company's stock valued at $17,444,000 after buying an additional 28,655 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA during the third quarter worth $237,000. Institutional investors own 65.49% of the company's stock.

About Kura Sushi USA