Kura Sushi USA (NASDAQ:KRUS) Stock Price Expected to Rise, Barclays Analyst Says

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

Several other analysts have also recently issued reports on KRUS. TD Securities restated a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a research report on Wednesday. Lake Street Capital upped their target price on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday. Roth Capital restated a "buy" rating and set a $106.00 target price (up from $89.00) on shares of Kura Sushi USA in a research report on Wednesday. Citigroup decreased 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 research report on Thursday, April 10th. Finally, Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.27.

Kura Sushi USA Stock Performance

Shares of KRUS traded down $10.30 during midday trading on Wednesday, hitting $76.48. 1,528,375 shares of the company traded hands, compared to its average volume of 230,065. The firm has a 50 day moving average of $73.08 and a 200-day moving average of $70.05. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66. The stock has a market cap of $924.64 million, a price-to-earnings ratio of -95.60 and a beta of 1.67.

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 (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $73.97 million 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 0.51%. Sell-side analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently bought and sold shares of KRUS. 12 West Capital Management LP lifted its holdings in shares of Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock worth $50,400,000 after buying an additional 63,000 shares during the period. Granahan Investment Management LLC lifted its holdings in shares of Kura Sushi USA by 9.3% in the 1st quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock worth $20,539,000 after buying an additional 34,114 shares during the period. Portolan Capital Management LLC lifted its holdings in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after buying an additional 156,723 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock worth $18,741,000 after buying an additional 8,201 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Kura Sushi USA in the 4th quarter worth $24,063,000. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA