Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Target Price at $87.50

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $86.00.

KRUS has been the topic of a number of research analyst reports. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target on the stock. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Barclays decreased their price target on shares of Kura Sushi USA from $102.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Citigroup dropped their price objective on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Finally, Benchmark decreased their target price on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th.

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA 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. 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 is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

A number of institutional investors have recently modified their holdings of the company. Quest Partners LLC boosted its position in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. FMR LLC raised its stake in shares of Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after purchasing an additional 390,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after acquiring an additional 1,644 shares during the period. Verition Fund Management LLC lifted its position in Kura Sushi USA by 914.2% during the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock valued at $4,160,000 after purchasing an additional 46,549 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of Kura Sushi USA in the third quarter worth about $237,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Trading Down 8.0 %

Shares of NASDAQ:KRUS opened at $43.61 on Monday. The company has a market capitalization of $526.20 million, a price-to-earnings ratio of -64.13 and a beta of 1.72. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $121.99. The firm’s 50-day moving average is $64.25 and its 200 day moving average is $81.78.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, equities analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile