Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $71.00

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target boosted by Barclays from $52.00 to $71.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts also recently commented on KRUS. Benchmark dropped their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Citigroup dropped their target price 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. Lake Street Capital dropped their target price on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, TD Securities reiterated a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Kura Sushi USA has an average rating of "Moderate Buy" and a consensus target price of $79.10.

Kura Sushi USA Trading Down 0.3%

KRUS stock traded down $0.24 during midday trading on Thursday, reaching $81.72. The company had a trading volume of 295,014 shares, compared to its average volume of 222,848. The company has a market capitalization of $987.99 million, a P/E ratio of -90.80 and a beta of 1.61. The company has a 50 day moving average of $69.25 and a two-hundred day moving average of $70.24. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative net margin of 4.06% and a negative return on equity of 0.78%. During the same quarter in the prior year, the business posted ($0.09) EPS. On average, sell-side analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Several institutional investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its position in shares of Kura Sushi USA by 3.6% during the 1st quarter. Deutsche Bank AG now owns 5,500 shares of the company's stock valued at $282,000 after acquiring an additional 191 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Kura Sushi USA by 4.2% during the 4th quarter. Bank of America Corp DE now owns 5,906 shares of the company's stock valued at $535,000 after acquiring an additional 238 shares in the last quarter. US Bancorp DE lifted its holdings in Kura Sushi USA by 14.8% during the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after purchasing an additional 268 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in Kura Sushi USA by 4.1% during the 1st quarter. Valmark Advisers Inc. now owns 7,913 shares of the company's stock valued at $405,000 after purchasing an additional 309 shares during the last quarter. Finally, Corebridge Financial Inc. lifted its holdings in Kura Sushi USA by 12.2% during the 1st quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock valued at $169,000 after purchasing an additional 360 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA