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

Key Points

• Kura Sushi USA has received a consensus recommendation of "Moderate Buy" from 11 analysts, with six recommending a buy and five a hold.
• The average 12-month price target for Kura Sushi shares is $92.30, with notable price target increases from several firms, including Lake Street Capital raising it to $98.00.
• Kura Sushi reported earnings of $0.05 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $73.965 million versus an estimate of $71.82 million.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $92.30.

Several research analysts have recently commented on KRUS shares. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Barclays boosted their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Lake Street Capital lifted their target price 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, July 9th. Finally, Roth Capital reissued a "buy" rating and set a $106.00 price target (up previously from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the stock. Driehaus Capital Management LLC purchased a new position in shares of Kura Sushi USA during the fourth quarter valued at about $24,063,000. Portolan Capital Management LLC boosted its position in Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock valued at $33,809,000 after acquiring an additional 156,723 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Kura Sushi USA by 109.1% during the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company's stock worth $18,280,000 after acquiring an additional 105,316 shares during the period. Millennium Management LLC raised its position in shares of Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company's stock worth $9,906,000 after acquiring an additional 101,739 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Kura Sushi USA by 85.5% in the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company's stock valued at $17,093,000 after purchasing an additional 87,001 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Down 1.5%

Shares of KRUS stock traded down $1.27 during trading hours on Friday, hitting $84.84. 125,445 shares of the company's stock were exchanged, compared to its average volume of 286,368. The company has a market capitalization of $1.03 billion, a PE ratio of -106.05 and a beta of 1.80. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $110.66. The business's 50 day simple moving average is $80.82 and its 200-day simple moving average is $69.11.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.07. The company had revenue of $73,965 billion for the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Equities analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

About Kura Sushi USA