Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price gapped down before the market opened on Thursday after Citigroup lowered their price target on the stock from $71.00 to $47.00. The stock had previously closed at $54.57, but opened at $51.01. Citigroup currently has a neutral rating on the stock. Kura Sushi USA shares last traded at $50.36, with a volume of 47,737 shares.
Several other brokerages have also recently weighed in on KRUS. Lake Street Capital decreased their price objective on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. TD Cowen initiated coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective for the company. TD Securities restated a "hold" rating and set a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Finally, Benchmark reduced their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research 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. Based on data from MarketBeat.com, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average price target of $77.20.
Check Out Our Latest Research Report on Kura Sushi USA
Insider Buying and Selling at Kura Sushi USA
In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction on 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. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company's stock.
Hedge Funds Weigh In On Kura Sushi USA
Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at approximately $750,000. Barclays PLC grew its position in 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 acquiring an additional 9,229 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Kura Sushi USA by 70.0% in the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock worth $1,225,000 after acquiring an additional 5,567 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kura Sushi USA by 33.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock valued at $529,000 after purchasing an additional 1,644 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after purchasing an additional 20,432 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.
Kura Sushi USA Stock Performance
The company's 50 day moving average is $59.46 and its 200 day moving average is $79.83. The firm has a market cap of $639.02 million, a P/E ratio of -77.88 and a beta of 1.72.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned ($0.09) EPS. On average, equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.
Kura Sushi USA Company Profile
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