Kura Sushi USA (NASDAQ:KRUS) Given New $52.00 Price Target at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its target price decreased by Barclays from $75.00 to $52.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also recently issued reports on KRUS. Citigroup decreased their target price on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 26th. TD Securities reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Kura Sushi USA in a research note on Friday, April 4th. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Friday, February 21st. Benchmark lowered their price target 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. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and an average price target of $77.20.

Kura Sushi USA Trading Down 3.2 %

NASDAQ:KRUS opened at $49.26 on Wednesday. The company has a market capitalization of $594.37 million, a P/E ratio of -72.44 and a beta of 1.72. The business’s 50-day moving average is $59.94 and its 200 day moving average is $80.06. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. On average, research analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kura Sushi USA by 33.4% in 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 worth $529,000 after purchasing an additional 1,644 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Kura Sushi USA during the 3rd quarter worth $237,000. State Street Corp boosted its position in Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after purchasing an additional 1,016 shares in the last quarter. Barclays PLC grew its stake in Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after purchasing an additional 9,229 shares during the last quarter. Finally, Kings Path Partners LLC raised its holdings in Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock worth $998,000 after purchasing an additional 831 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile