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

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) has received an average rating of "Moderate Buy" from the eleven research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $79.10.

Several analysts recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Citigroup lowered their target price on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Benchmark lowered their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Barclays lifted their target price on Kura Sushi USA from $52.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Finally, Lake Street Capital lowered their target price on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $86.78 on Wednesday. Kura Sushi USA has a 1-year low of $40.03 and a 1-year high of $110.66. The business has a fifty day moving average price of $73.08 and a 200-day moving average price of $70.05. The company has a market capitalization of $1.05 billion, a PE ratio of -96.42 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $73.97 million during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. On average, sell-side analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Voya Investment Management LLC raised its stake in shares of Kura Sushi USA by 25.4% during the 1st quarter. Voya Investment Management LLC now owns 256,449 shares of the company's stock valued at $13,130,000 after buying an additional 51,866 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Kura Sushi USA by 122.5% during the 1st quarter. Jane Street Group LLC now owns 18,010 shares of the company's stock valued at $922,000 after buying an additional 9,914 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kura Sushi USA by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company's stock valued at $204,000 after buying an additional 613 shares during the last quarter. Granahan Investment Management LLC raised its stake in shares of Kura Sushi USA by 9.3% during 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 last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Kura Sushi USA during the 1st quarter valued at about $573,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

About Kura Sushi USA

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