Citigroup Issues Positive Forecast for Kura Sushi USA (NASDAQ:KRUS) Stock Price

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) had its target price increased by Citigroup from $85.00 to $96.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective would indicate a potential upside of 25.52% from the company's previous close.

Other analysts have also issued research reports about the stock. Roth Capital reiterated a "buy" rating and issued a $106.00 price objective (up previously from $89.00) on shares of Kura Sushi USA in a research note on Wednesday. TD Securities reissued a "hold" rating and set a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a report on Wednesday. Barclays increased their price objective on shares of Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Lake Street Capital raised their price target on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $90.27.

Kura Sushi USA Trading Down 11.9%

Shares of KRUS traded down $10.30 during mid-day trading on Wednesday, hitting $76.48. The company's stock had a trading volume of 1,525,685 shares, compared to its average volume of 230,740. The company's 50-day moving average is $73.08 and its 200-day moving average is $70.05. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $110.66. The firm has a market capitalization of $924.64 million, a price-to-earnings ratio of -84.98 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.07. The business had revenue of $73.97 million during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative net margin of 4.06% and a negative return on equity of 0.78%. As a group, sell-side analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 12 West Capital Management LP lifted its position in shares of Kura Sushi USA by 12.8% during the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock worth $50,400,000 after buying an additional 63,000 shares during the last quarter. Granahan Investment Management LLC increased its stake in Kura Sushi USA by 9.3% in the 1st 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 period. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock valued at $33,809,000 after buying an additional 156,723 shares during the period. Vanguard Group Inc. grew its stake in shares of Kura Sushi USA by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock worth $18,741,000 after purchasing an additional 8,201 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Kura Sushi USA during the 4th quarter worth $24,063,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Company Profile

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