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

Key Points

• Kura Sushi USA, Inc. has received an average rating of "Moderate Buy" from analysts, with six out of eleven research firms recommending to buy the stock and five suggesting a hold.
• Analysts have set an average 12-month target price of $92.30, with individual firm target prices ranging from $62.00 to $106.00.
• In its latest earnings report, Kura Sushi USA posted an EPS of $0.05, exceeding expectations and achieving $73.97 million in revenue.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $92.30.

A number of research firms recently issued reports on KRUS. Citigroup boosted their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Roth Capital reiterated a "buy" rating and set a $106.00 price objective (up from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Lake Street Capital boosted their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded Kura Sushi USA from a "sell" rating to a "hold" rating in a research note on Sunday, August 24th.

Kura Sushi USA Stock Up 0.3%

Shares of NASDAQ:KRUS traded up $0.24 during midday trading on Thursday, reaching $85.05. 303,529 shares of the company traded hands, compared to its average volume of 207,954. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $110.66. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -106.31 and a beta of 1.79. The firm's fifty day moving average price is $82.54 and its two-hundred day moving average price is $69.60.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The company had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Analysts forecast 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 added to or reduced their stakes in the business. Ranger Investment Management L.P. increased its stake in Kura Sushi USA by 7.8% in the 2nd quarter. Ranger Investment Management L.P. now owns 154,830 shares of the company's stock worth $13,328,000 after acquiring an additional 11,235 shares during the last quarter. 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 worth $82,000 after acquiring an additional 284 shares during the last quarter. Man Group plc increased its stake in Kura Sushi USA by 11.0% in the 2nd quarter. Man Group plc now owns 8,140 shares of the company's stock worth $701,000 after acquiring an additional 809 shares during the last quarter. Engineers Gate Manager LP bought a new position in Kura Sushi USA in the 2nd quarter worth about $542,000. Finally, Balyasny Asset Management L.P. increased its stake in Kura Sushi USA by 13.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 213,105 shares of the company's stock worth $18,344,000 after acquiring an additional 24,570 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA