Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $90.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price target raised by stock analysts at Barclays from $70.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 3.19% from the company’s previous close.

Other analysts have also issued research reports about the company. Northcoast Research began coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price target on the stock. Craig Hallum boosted their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Piper Sandler raised 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock traded down $2.12 during trading hours on Friday, reaching $92.97. The company’s stock had a trading volume of 94,127 shares, compared to its average volume of 161,022. The firm has a 50 day moving average price of $82.44 and a 200-day moving average price of $80.41. The stock has a market cap of $1.04 billion, a P/E ratio of -1,328.14 and a beta of 1.86. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $66.01 million for the quarter, compared to the consensus estimate of $64.13 million. Kura Sushi USA had a negative return on equity of 0.07% and a negative net margin of 0.30%. As a group, sell-side analysts forecast that Kura Sushi USA will post -0.26 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Several institutional investors and hedge funds have recently made changes to their positions in KRUS. Comerica Bank grew its holdings in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Kura Sushi USA by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after buying an additional 232 shares during the period. Rhumbline Advisers grew its stake in Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after acquiring an additional 350 shares in the last quarter. Headlands Technologies LLC bought a new position in Kura Sushi USA in the 1st quarter worth about $46,000. Finally, Quest Partners LLC increased its position in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after acquiring an additional 471 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile