TD Cowen assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $72.00 price objective on the stock.
KRUS has been the subject of several other research reports. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Barclays boosted their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Lake Street Capital upgraded Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price objective on the stock in a research report on Friday, February 21st. Piper Sandler lifted their target price 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. Finally, 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 report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $86.20.
Check Out Our Latest Research Report on Kura Sushi USA
Kura Sushi USA Stock Down 0.8 %
Shares of Kura Sushi USA stock traded down $0.48 on Tuesday, reaching $62.20. 342,299 shares of the stock were exchanged, compared to its average volume of 211,228. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The business has a 50 day moving average price of $81.38 and a two-hundred day moving average price of $83.71. The firm has a market capitalization of $750.51 million, a price-to-earnings ratio of -91.47 and a beta of 1.81.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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%. Research analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.
Insider Activity
In related news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company's stock.
Institutional Investors Weigh In On Kura Sushi USA
Large investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $31,000. Quest Partners LLC lifted 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 purchasing an additional 471 shares in the last quarter. Quantbot Technologies LP purchased a new position in Kura Sushi USA in the 4th quarter valued at $61,000. BNP Paribas Financial Markets acquired a new stake in Kura Sushi USA during the 4th quarter worth $77,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth $109,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
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