Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $98.00 at Lake Street Capital

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target raised by Lake Street Capital from $62.00 to $98.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on KRUS. Citigroup cut their target price on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday. Roth Capital reiterated a "buy" rating and set a $106.00 target price (up from $89.00) on shares of Kura Sushi USA in a research note on Wednesday. Barclays increased their price target on Kura Sushi USA from $52.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Finally, William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Kura Sushi USA Price Performance

NASDAQ:KRUS traded down $0.80 during mid-day trading on Wednesday, reaching $73.58. 316,164 shares of the company's stock traded hands, compared to its average volume of 228,867. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $110.66. The firm has a market capitalization of $889.58 million, a price-to-earnings ratio of -91.98 and a beta of 1.67. The company has a 50 day moving average price of $73.72 and a 200-day moving average price of $69.99.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $71.82 million. As a group, analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its stake in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after buying an additional 547 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kura Sushi USA by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,144 shares of the company's stock worth $4,361,000 after acquiring an additional 2,648 shares during the period. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the 4th quarter worth about $4,097,000. King Luther Capital Management Corp lifted its position in 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 acquiring an additional 20,432 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Kura Sushi USA during the 4th quarter worth about $61,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile