Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $103.00 at Lake Street Capital

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its target price increased by Lake Street Capital from $78.00 to $103.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research firms have also recently commented on KRUS. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday. Craig Hallum raised their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Barclays increased their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Finally, Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Kura Sushi USA Price Performance

KRUS stock traded down $12.09 during trading on Wednesday, hitting $90.09. 390,164 shares of the company traded hands, compared to its average volume of 230,233. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The company has a market cap of $1.08 billion, a PE ratio of -115.50 and a beta of 1.84. The stock's 50-day simple moving average is $97.00 and its 200 day simple moving average is $79.34.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC raised its position in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after buying an additional 471 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Kura Sushi USA during the 3rd quarter valued at about $237,000. Jennison Associates LLC raised its holdings in Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company's stock valued at $427,000 after acquiring an additional 1,292 shares during the last quarter. Rhumbline Advisers lifted its stake in Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company's stock worth $516,000 after purchasing an additional 350 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Kura Sushi USA during the 2nd quarter worth approximately $521,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

About Kura Sushi USA