Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $52.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price objective lowered by investment analysts at Barclays from $75.00 to $52.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 14.47% from the stock’s current price.

KRUS has been the topic of a number of other reports. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday, February 21st. TD Cowen assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Securities reiterated a “hold” rating and set a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. Finally, Citigroup decreased their target price on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.70.

Kura Sushi USA Stock Up 9.6 %

KRUS traded up $3.97 during trading on Wednesday, reaching $45.43. The stock had a trading volume of 224,362 shares, compared to its average volume of 194,953. The stock has a 50 day moving average of $62.08 and a two-hundred day moving average of $80.90. The firm has a market capitalization of $548.10 million, a price-to-earnings ratio of -66.84 and a beta of 1.72. Kura Sushi USA has a 1-year low of $39.40 and a 1-year high of $121.99.

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

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on 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 directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA in the 4th quarter valued at $31,000. Quantbot Technologies LP bought a new stake in Kura Sushi USA during the fourth quarter valued at about $61,000. BNP Paribas Financial Markets bought a new stake in Kura Sushi USA during the fourth quarter valued at about $77,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $109,000. Finally, US Bancorp DE increased its stake in shares of Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after purchasing an additional 547 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile