Barclays Lowers Kura Sushi USA (NASDAQ:KRUS) Price Target to $67.00

Key Points

• Barclays has decreased its price target for Kura Sushi USA from $75.00 to $67.00 while maintaining an "equal weight" rating on the stock, which indicates a potential upside of 2.68% from its previous close.
• Other analysts have mixed ratings: Citigroup raised its target to $96.00 with a "neutral" rating, while Weiss Ratings issued a "sell" rating, highlighting the diverse opinions in the market.
• Kura Sushi USA's stock experienced a drop to $65.25 on Wednesday, with a market cap of $789.13 million and an average rating of "Hold" from analysts.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) had its target price decreased by investment analysts at Barclays from $75.00 to $67.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential upside of 2.68% from the company's previous close.

A number of other equities research analysts also recently weighed in on KRUS. Citigroup upped their price target on shares of Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of Kura Sushi USA from a "sell" rating to a "hold" rating in a report on Friday, September 26th. Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Kura Sushi USA in a report on Wednesday, October 8th. Finally, Roth Capital reissued a "buy" rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kura Sushi USA has an average rating of "Hold" and a consensus price target of $90.30.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock traded down $1.49 on Wednesday, hitting $65.25. The company had a trading volume of 106,154 shares, compared to its average volume of 275,051. The business has a 50-day simple moving average of $71.83 and a 200-day simple moving average of $71.84. The company has a market cap of $789.13 million, a PE ratio of -81.27 and a beta of 1.76. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Monday, March 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The company had revenue of $29.83 million during the quarter. On average, equities research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently bought and sold shares of KRUS. Deutsche Bank AG increased its stake in Kura Sushi USA by 3.6% in 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. US Bancorp DE increased its stake in Kura Sushi USA by 14.8% in the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after buying an additional 268 shares during the period. Tower Research Capital LLC TRC increased its stake in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock valued at $82,000 after buying an additional 284 shares during the period. Valmark Advisers Inc. increased its stake in 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 buying an additional 309 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Kura Sushi USA in the 2nd quarter valued at approximately $29,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA

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