Kura Sushi USA (NASDAQ:KRUS - Free Report) had its target price raised by Lake Street Capital from $62.00 to $98.00 in a research report sent to investors on Wednesday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.
Several other equities research analysts also recently commented on the stock. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Roth Capital restated a "buy" rating and issued a $106.00 price target (up previously from $89.00) on shares of Kura Sushi USA in a research report on Wednesday. TD Securities restated a "hold" rating and issued a $79.00 price target on shares of Kura Sushi USA in a research report on Wednesday. Barclays upped their price target on shares of Kura Sushi USA from $52.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Finally, Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $92.30.
View Our Latest Research Report on Kura Sushi USA
Kura Sushi USA Stock Performance
Shares of NASDAQ:KRUS traded down $0.80 during mid-day trading on Wednesday, hitting $73.58. The stock had a trading volume of 316,164 shares, compared to its average volume of 227,550. The company has a market cap of $889.58 million, a PE ratio of -91.98 and a beta of 1.67. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $110.66. The company's 50 day moving average is $73.96 and its 200-day moving average is $69.73.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $73,965 billion during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. On average, equities research analysts predict that Kura Sushi USA will post 0.22 EPS for the current fiscal year.
Institutional Investors Weigh In On Kura Sushi USA
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Kura Sushi USA by 30,191.7% during the 1st quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after purchasing an additional 3,623 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Kura Sushi USA by 21.9% during the 1st quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock worth $1,439,000 after purchasing an additional 5,043 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after purchasing an additional 20,432 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Kura Sushi USA during the 1st quarter worth $1,244,000. Finally, Sei Investments Co. increased its stake in shares of Kura Sushi USA by 108.5% during the 4th quarter. Sei Investments Co. now owns 49,094 shares of the company's stock worth $4,447,000 after purchasing an additional 25,550 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.
Kura Sushi USA Company Profile
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