Craig Hallum Raises Kura Sushi USA (NASDAQ:KRUS) Price Target to $120.00

Kura Sushi USA (NASDAQ:KRUS) had its price target lifted by Craig Hallum from $85.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s price objective would indicate a potential upside of 26.08% from the company’s previous close.

KRUS has been the subject of several other research reports. Barclays raised their price target on Kura Sushi USA from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Benchmark reaffirmed a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 10th. Citigroup lowered their price target on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Lake Street Capital reduced their price objective on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Finally, Northcoast Research assumed coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.38.

Kura Sushi USA Trading Down 8.0 %

Shares of Kura Sushi USA stock traded down $8.30 on Thursday, reaching $95.18. 289,113 shares of the company were exchanged, compared to its average volume of 160,747. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -1,371.43 and a beta of 1.86. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The company has a 50-day moving average of $82.44 and a 200 day moving average of $80.41.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Kura Sushi USA had a negative net margin of 0.30% and a negative return on equity of 0.07%. The company had revenue of $66.01 million during the quarter, compared to the consensus estimate of $64.13 million. Analysts predict that Kura Sushi USA will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently bought and sold shares of KRUS. Comerica Bank raised its position in shares of Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kura Sushi USA in the 1st quarter valued at $46,000. Versor Investments LP bought a new position in shares of Kura Sushi USA in the 2nd quarter valued at $233,000. Moody National Bank Trust Division acquired a new position in shares of Kura Sushi USA during the 2nd quarter worth $365,000. Finally, Virtu Financial LLC bought a new stake in shares of Kura Sushi USA during the 1st quarter worth $370,000. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA