Investment analysts at TD Securities started coverage on shares of Kura Sushi USA (NASDAQ:KRUS - Get Free Report) in a report released on Tuesday,Benzinga reports. The firm set a "hold" rating and a $72.00 price target on the stock. TD Securities' target price indicates a potential upside of 15.76% from the company's current price.
Other analysts have also recently issued reports about the company. Craig Hallum upped their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Barclays lifted their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday. They set a "hold" rating and a $72.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average target price of $86.20.
Read Our Latest Research Report on KRUS
Kura Sushi USA Stock Performance
Shares of NASDAQ:KRUS traded down $0.48 during midday trading on Tuesday, reaching $62.20. 342,299 shares of the company's stock were exchanged, compared to its average volume of 211,228. The company's 50 day simple moving average is $81.38 and its two-hundred day simple moving average is $83.71. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The firm has a market capitalization of $750.51 million, a PE ratio of -91.47 and a beta of 1.81.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Seitaro Ishii sold 6,918 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company's stock.
Institutional Trading of Kura Sushi USA
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Roubaix Capital LLC grew its position in shares of Kura Sushi USA by 104.8% during the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company's stock worth $4,590,000 after buying an additional 29,158 shares during the period. Royce & Associates LP grew its holdings in Kura Sushi USA by 12.1% during the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company's stock worth $2,981,000 after acquiring an additional 4,000 shares during the period. Quest Partners LLC raised its position in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after acquiring an additional 471 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of 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 purchasing an additional 1,292 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Kura Sushi USA in the 3rd quarter valued at $2,609,000. 65.49% of the stock is owned by institutional investors.
Kura Sushi USA Company Profile
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