Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $87.50

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $86.00.

KRUS has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. TD Cowen started coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target on the stock. TD Securities reiterated a “hold” rating and issued a $72.00 price objective on shares of Kura Sushi USA in a report on Friday. Benchmark reduced their target price on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th.

Kura Sushi USA Trading Down 8.0 %

NASDAQ KRUS opened at $43.61 on Monday. The stock has a market capitalization of $526.20 million, a price-to-earnings ratio of -64.13 and a beta of 1.72. The stock has a 50-day moving average of $64.25 and a 200 day moving average of $81.78. Kura Sushi USA has a twelve month low of $40.03 and a twelve month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Equities analysts predict that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares during the last quarter. FMR LLC increased its holdings in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after buying an additional 390,688 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after buying an additional 1,644 shares during the period. Verition Fund Management LLC lifted its holdings in Kura Sushi USA by 914.2% in the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock valued at $4,160,000 after acquiring an additional 46,549 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Kura Sushi USA in the third quarter worth approximately $237,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA