Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $75.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target upped by Barclays from $71.00 to $75.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts also recently commented on KRUS. Lake Street Capital raised their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Securities reiterated a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday. Finally, Citigroup reduced their price objective on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.30.

Kura Sushi USA Stock Performance

Shares of KRUS traded down $0.80 during trading hours on Wednesday, hitting $73.58. 316,164 shares of the company were exchanged, compared to its average volume of 227,625. The company has a market cap of $889.58 million, a PE ratio of -91.98 and a beta of 1.67. The firm's 50 day moving average is $73.96 and its 200-day moving average is $69.87. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its 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. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. The firm had revenue of $73,965 billion during the quarter, compared to the consensus estimate of $71.82 million. As a group, equities analysts forecast 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 have recently modified their holdings of the stock. Voya Investment Management LLC raised its holdings 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 worth $13,130,000 after buying an additional 51,866 shares in the last quarter. Jane Street Group LLC increased its holdings in 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 purchasing an additional 9,914 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 purchasing an additional 613 shares in the last quarter. Granahan Investment Management LLC increased its holdings in 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 purchasing an additional 34,114 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Kura Sushi USA during the 1st quarter valued at $573,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile