Kura Sushi USA (NASDAQ:KRUS) Shares Gap Up Following Analyst Upgrade

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price gapped up prior to trading on Friday after Roth Mkm raised their price target on the stock from $87.00 to $120.00. The stock had previously closed at $103.85, but opened at $111.01. Roth Mkm currently has a buy rating on the stock. Kura Sushi USA shares last traded at $114.52, with a volume of 200,816 shares.

Several other equities analysts also recently commented on KRUS. Lake Street Capital upped their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a "hold" rating in a report on Friday. Benchmark upped their price target on shares of Kura Sushi USA from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, January 12th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Friday. Citigroup upped their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a "neutral" rating in a report on Friday. Finally, Craig Hallum upped their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of "Moderate Buy" and a consensus target price of $108.86.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, insider Brent Takao sold 14,422 shares of the business's stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $88.97, for a total value of $1,283,125.34. Following the completion of the sale, the insider now directly owns 1,687 shares of the company's stock, valued at approximately $150,092.39. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently modified their holdings of the business. West Tower Group LLC purchased a new stake in shares of Kura Sushi USA in the 2nd quarter worth approximately $33,000. US Bancorp DE lifted its position in shares of Kura Sushi USA by 58.3% in the 2nd quarter. US Bancorp DE now owns 361 shares of the company's stock worth $34,000 after purchasing an additional 133 shares during the period. Quest Partners LLC purchased a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $36,000. Lazard Asset Management LLC purchased a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $43,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Kura Sushi USA by 72.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 482 shares of the company's stock worth $45,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Trading Up 6.0 %

The firm's 50-day moving average price is $101.52 and its two-hundred day moving average price is $80.80. The stock has a market cap of $1.23 billion, a PE ratio of 851.30 and a beta of 1.98.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Thursday, January 4th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.07). The firm had revenue of $51.48 million for the quarter, compared to analysts' expectations of $51.95 million. Kura Sushi USA had a net margin of 0.77% and a return on equity of 1.06%. On average, analysts anticipate that Kura Sushi USA, Inc. will post 0.37 earnings per share for the current year.

About Kura Sushi USA