Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Rating of “Moderate Buy” by Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $77.20.

KRUS has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. TD Securities restated a “hold” rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Barclays dropped their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. TD Cowen started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. Finally, Lake Street Capital dropped their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Driehaus Capital Management LLC bought a new stake in shares of Kura Sushi USA in the 4th quarter worth $24,063,000. Portolan Capital Management LLC boosted its holdings in Kura Sushi USA by 72.4% during the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after purchasing an additional 156,723 shares during the last quarter. Hood River Capital Management LLC grew its position in Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after purchasing an additional 105,316 shares in the last quarter. Millennium Management LLC increased its stake in Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock valued at $9,906,000 after buying an additional 101,739 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Kura Sushi USA by 85.5% during the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company’s stock worth $17,093,000 after buying an additional 87,001 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Down 1.6 %

Shares of KRUS opened at $59.67 on Friday. The firm’s fifty day simple moving average is $55.74 and its two-hundred day simple moving average is $78.18. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $121.99. The stock has a market capitalization of $721.11 million, a P/E ratio of -87.75 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The business had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, research analysts predict that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

About Kura Sushi USA