Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Rating of "Moderate Buy" from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $77.20.

KRUS has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. TD Cowen began 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. TD Securities reissued a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a research note on Friday, April 4th. Finally, Benchmark dropped their price target on 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company's stock worth $10,317,000 after purchasing an additional 1,016 shares during the period. Barclays PLC boosted its holdings in shares of Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company's stock valued at $914,000 after acquiring an additional 9,229 shares in the last quarter. Kings Path Partners LLC increased its stake in shares of Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock worth $998,000 after acquiring an additional 831 shares during the period. Moody National Bank Trust Division raised its holdings in Kura Sushi USA by 13.4% during the fourth quarter. Moody National Bank Trust Division now owns 23,067 shares of the company's stock worth $2,089,000 after purchasing an additional 2,728 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Kura Sushi USA in the fourth quarter valued at about $1,567,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Down 1.3 %

Shares of NASDAQ KRUS traded down $0.79 during midday trading on Friday, reaching $58.88. 271,957 shares of the stock were exchanged, compared to its average volume of 209,147. The firm has a 50-day simple moving average of $55.52 and a two-hundred day simple moving average of $78.05. Kura Sushi USA has a twelve month low of $40.03 and a twelve month high of $121.99. The firm has a market cap of $711.56 million, a price-to-earnings ratio of -86.59 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) 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 analysts' expectations of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the previous year, the company earned ($0.09) earnings per share. Research analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

About Kura Sushi USA