Lake Street Capital upgraded shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) from a hold rating to a buy rating in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has $103.00 target price on the stock.
A number of other equities research analysts have also weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Barclays lifted their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Piper Sandler increased their target price on Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Craig Hallum boosted their price target on Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.20.
Read Our Latest Stock Analysis on Kura Sushi USA
Kura Sushi USA Price Performance
Shares of KRUS traded up $2.09 during midday trading on Friday, reaching $66.80. 526,321 shares of the stock were exchanged, compared to its average volume of 206,289. The company has a market capitalization of $806.01 million, a price-to-earnings ratio of -98.23 and a beta of 1.81. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The business's 50-day moving average price is $83.15 and its 200 day moving average price is $83.92.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. As a group, equities research analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Seitaro Ishii sold 6,918 shares of the business's stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 made changes to their positions in KRUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kura Sushi USA by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,624 shares of the company's stock valued at $691,000 after purchasing an additional 1,052 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Kura Sushi USA by 18.7% in the fourth quarter. Two Sigma Advisers LP now owns 29,900 shares of the company's stock worth $2,708,000 after acquiring an additional 4,700 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Kura Sushi USA by 82.3% in the 4th quarter. Two Sigma Investments LP now owns 68,585 shares of the company's stock valued at $6,212,000 after acquiring an additional 30,968 shares during the period. Millennium Management LLC lifted its holdings in shares of 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 in the last quarter. Finally, Granahan Investment Management LLC boosted its position in Kura Sushi USA by 16.4% during the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company's stock worth $33,245,000 after purchasing an additional 51,599 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.
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