Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $77.20

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $77.20.

A number of research firms recently issued reports on KRUS. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Citigroup dropped their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Benchmark reduced their price target on shares of 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. Lake Street Capital decreased their price target on shares of Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays cut their price objective on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th.

Kura Sushi USA Stock Up 0.1%

KRUS stock opened at $76.98 on Friday. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $110.66. The firm has a market cap of $930.69 million, a P/E ratio of -85.53 and a beta of 1.61. The company’s 50-day simple moving average is $65.53 and its 200-day simple moving average is $71.77.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to analysts’ expectations of $66.30 million. Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. During the same quarter in the prior year, the company posted ($0.09) EPS. On average, analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG raised its position in shares of Kura Sushi USA by 3.6% during the 1st quarter. Deutsche Bank AG now owns 5,500 shares of the company’s stock valued at $282,000 after buying an additional 191 shares during the period. Bank of America Corp DE increased its stake in Kura Sushi USA by 4.2% during the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock worth $535,000 after acquiring an additional 238 shares during the last quarter. US Bancorp DE raised its position in Kura Sushi USA by 14.8% in the first quarter. US Bancorp DE now owns 2,073 shares of the company’s stock valued at $106,000 after purchasing an additional 268 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Kura Sushi USA by 4.1% in the 1st quarter. Valmark Advisers Inc. now owns 7,913 shares of the company’s stock valued at $405,000 after purchasing an additional 309 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Kura Sushi USA during the 4th quarter worth $31,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile