Craig Hallum Increases Kura Sushi USA (NASDAQ:KRUS) Price Target to $130.00

Kura Sushi USA (NASDAQ:KRUSGet Free Report) had its target price upped by analysts at Craig Hallum from $90.00 to $130.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 20.89% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Lake Street Capital raised their target price on Kura Sushi USA from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, January 5th. Benchmark increased their target price on shares of Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.14.

View Our Latest Stock Analysis on Kura Sushi USA

Kura Sushi USA Stock Down 3.4 %

Shares of KRUS stock traded down $3.83 during trading hours on Tuesday, reaching $107.54. 90,676 shares of the company’s stock were exchanged, compared to its average volume of 111,187. Kura Sushi USA has a fifty-two week low of $51.02 and a fifty-two week high of $122.81. The stock has a market capitalization of $1.20 billion, a P/E ratio of 831.06 and a beta of 1.98. The business has a fifty day moving average price of $100.66 and a 200-day moving average price of $80.25.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last issued its quarterly earnings results on Thursday, January 4th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). Kura Sushi USA had a net margin of 0.77% and a return on equity of 1.06%. The company had revenue of $51.48 million during the quarter, compared to the consensus estimate of $51.95 million. As a group, research analysts expect that Kura Sushi USA will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In other news, insider Brent Takao sold 14,422 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $88.97, for a total transaction of $1,283,125.34. Following the transaction, the insider now directly owns 1,687 shares in the company, valued at $150,092.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Kura Sushi USA by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 321,373 shares of the company’s stock valued at $24,424,000 after purchasing an additional 16,006 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Kura Sushi USA by 29.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,478 shares of the company’s stock valued at $948,000 after acquiring an additional 2,821 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at $232,000. GSA Capital Partners LLP bought a new position in shares of Kura Sushi USA in the 4th quarter worth $2,991,000. Finally, Legal & General Group Plc grew its stake in shares of Kura Sushi USA by 4.1% during the fourth quarter. Legal & General Group Plc now owns 5,192 shares of the company’s stock worth $395,000 after purchasing an additional 205 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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