Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $76.91 Average Price Target from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $76.9091.

Several brokerages have commented on KRUS. Benchmark restated a “buy” rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Lake Street Capital reissued a “buy” rating and issued a $70.00 price target on shares of Kura Sushi USA in a research note on Thursday, January 8th. Barclays lowered their price objective on shares of Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. TD Cowen reduced their target price on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Finally, Citigroup restated a “neutral” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th.

Insider Buying and Selling at Kura Sushi USA

In related news, insider Hajime Uba sold 9,874 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the transaction, the insider directly owned 6,026 shares in the company, valued at $439,476.18. This trade represents a 62.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently made changes to their positions in the business. Divisadero Street Capital Management LP purchased a new position in shares of Kura Sushi USA during the third quarter valued at approximately $34,586,000. Granahan Investment Management LLC increased its position in Kura Sushi USA by 125.4% during the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after buying an additional 373,354 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Kura Sushi USA during the fourth quarter valued at $19,194,000. Hood River Capital Management LLC purchased a new position in Kura Sushi USA during the second quarter valued at $31,561,000. Finally, Woodline Partners LP boosted its holdings in Kura Sushi USA by 270.3% in the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after acquiring an additional 213,158 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $69.69 on Thursday. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $95.98. The firm has a market cap of $843.95 million, a P/E ratio of -211.18 and a beta of 1.72. The business’s 50 day moving average price is $66.47 and its 200-day moving average price is $64.45.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Wednesday, January 7th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. The business had revenue of $73.46 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, equities analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.