TD Cowen Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $59.00

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by TD Cowen from $79.00 to $59.00 in a research report sent to investors on Friday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

A number of other equities analysts have also recently weighed in on KRUS. Benchmark dropped their price target on Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. Sanford C. Bernstein set a $67.00 target price on Kura Sushi USA in a research report on Wednesday, October 22nd. Wall Street Zen downgraded Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Barclays lowered their target price on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $82.13.

Kura Sushi USA Price Performance

Shares of KRUS stock traded down $1.10 during trading hours on Friday, reaching $47.44. The stock had a trading volume of 150,220 shares, compared to its average volume of 283,411. The firm has a market capitalization of $573.54 million, a PE ratio of -295.17 and a beta of 1.75. The firm has a 50-day simple moving average of $66.38 and a 200-day simple moving average of $72.64. Kura Sushi USA has a twelve month low of $40.03 and a twelve month high of $110.66.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $29.83 million for the quarter. Kura Sushi USA had a negative net margin of 0.67% and a positive return on equity of 0.18%. On average, equities analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors have recently made changes to their positions in the business. Stephens Inc. AR lifted its holdings in shares of Kura Sushi USA by 1.5% during the second quarter. Stephens Inc. AR now owns 738,890 shares of the company’s stock worth $63,604,000 after buying an additional 10,968 shares during the last quarter. Granahan Investment Management LLC raised its position in shares of Kura Sushi USA by 9.3% during the first quarter. Granahan Investment Management LLC now owns 401,143 shares of the company’s stock valued at $20,539,000 after buying an additional 34,114 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Kura Sushi USA in the second quarter valued at about $31,561,000. Vanguard Group Inc. grew its position in Kura Sushi USA by 2.3% during the first quarter. Vanguard Group Inc. now owns 366,043 shares of the company’s stock worth $18,741,000 after buying an additional 8,201 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after acquiring an additional 51,574 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile