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

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

Other research analysts have also issued reports about the stock. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday. Citigroup reduced 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. Roth Capital restated a "buy" rating and issued a $106.00 target price (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Finally, 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 report on Wednesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Stock Down 1.1%

Shares of Kura Sushi USA stock traded down $0.80 on Wednesday, hitting $73.58. The company's stock had a trading volume of 316,164 shares, compared to its average volume of 227,625. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $110.66. The firm has a fifty day moving average price of $73.96 and a 200-day moving average price of $69.87. The company has a market capitalization of $889.58 million, a P/E ratio of -91.98 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The business had revenue of $73,965 billion for the quarter, compared to analyst estimates of $71.82 million. As a group, analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Deutsche Bank AG increased its position in Kura Sushi USA by 3.6% during the 1st quarter. Deutsche Bank AG now owns 5,500 shares of the company's stock worth $282,000 after purchasing an additional 191 shares in the last quarter. Bank of America Corp DE increased its position in 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 worth $535,000 after purchasing an additional 238 shares in the last quarter. US Bancorp DE increased its position in Kura Sushi USA by 14.8% during the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after purchasing an additional 268 shares in the last quarter. Valmark Advisers Inc. increased its position in Kura Sushi USA by 4.1% during the 1st quarter. Valmark Advisers Inc. now owns 7,913 shares of the company's stock worth $405,000 after purchasing an additional 309 shares in the last quarter. Finally, Corebridge Financial Inc. increased its position in Kura Sushi USA by 12.2% during the 1st quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock worth $169,000 after purchasing an additional 360 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA