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

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target raised by Barclays from $52.00 to $71.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Citigroup cut their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. TD Securities reissued a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Benchmark decreased their price target on shares of 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. Lake Street Capital cut their price objective on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $79.10.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS traded down $0.24 during trading hours on Thursday, hitting $81.72. 295,014 shares of the stock were exchanged, compared to its average volume of 227,661. Kura Sushi USA has a one year low of $40.03 and a one year high of $110.66. The company's 50 day moving average is $69.25 and its 200 day moving average is $70.68. The firm has a market capitalization of $987.99 million, a P/E ratio of -90.80 and a beta of 1.61.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its 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 firm had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. During the same period in the prior year, the firm earned ($0.09) EPS. Research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its stake in shares of Kura Sushi USA by 25.4% in the 1st quarter. Voya Investment Management LLC now owns 256,449 shares of the company's stock valued at $13,130,000 after purchasing an additional 51,866 shares during the period. Jane Street Group LLC boosted its stake in Kura Sushi USA by 122.5% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kura Sushi USA by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company's stock valued at $204,000 after acquiring an additional 613 shares during the period. Granahan Investment Management LLC raised its stake in Kura Sushi USA by 9.3% during the first quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock worth $20,539,000 after acquiring an additional 34,114 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Kura Sushi USA during the first quarter valued at $573,000. Institutional investors own 65.49% of the company's stock.

About Kura Sushi USA