Kura Sushi USA (NASDAQ:KRUS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its target price increased by Piper Sandler from $63.00 to $98.00 in a report issued on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on KRUS. Craig Hallum cut their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Citigroup cut their target price on shares of Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. Roth Mkm restated a "buy" rating and set a $70.00 target price (down previously from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Lake Street Capital lowered their price target on shares of Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays raised their price target on shares of Kura Sushi USA from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of "Moderate Buy" and a consensus target price of $82.38.

Kura Sushi USA Price Performance

KRUS stock traded down $8.39 during trading hours on Thursday, reaching $95.09. The stock had a trading volume of 405,791 shares, compared to its average volume of 161,332. The stock has a market capitalization of $1.07 billion, a PE ratio of -1,343.00 and a beta of 1.86. The stock has a 50-day simple moving average of $82.44 and a 200 day simple moving average of $80.41. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The company had revenue of $66.01 million during the quarter, compared to analysts' expectations of $64.13 million. Kura Sushi USA had a negative net margin of 0.30% and a negative return on equity of 0.07%. On average, sell-side analysts forecast that Kura Sushi USA will post -0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently bought and sold shares of the company. Quest Partners LLC increased its holdings in Kura Sushi USA by 237.9% in the 3rd 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 period. Royce & Associates LP increased its holdings in Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company's stock valued at $2,981,000 after buying an additional 4,000 shares during the period. Roubaix Capital LLC increased its holdings in Kura Sushi USA by 104.8% in the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company's stock valued at $4,590,000 after buying an additional 29,158 shares during the period. Rheos Capital Works Inc. increased its holdings in Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company's stock valued at $16,434,000 after buying an additional 12,000 shares during the period. Finally, XTX Topco Ltd bought a new position in Kura Sushi USA in the 2nd quarter valued at about $521,000. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA