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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $89.75.

KRUS has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler lifted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Craig Hallum raised their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Lake Street Capital upped their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $73.52 on Wednesday. The company has a market capitalization of $878.56 million, a price-to-earnings ratio of -108.12 and a beta of 1.84. The stock’s 50 day simple moving average is $94.83 and its 200 day simple moving average is $79.85. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81.

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

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake in Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after acquiring an additional 390,688 shares during the period. Fred Alger Management LLC boosted its holdings in Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after purchasing an additional 99,515 shares in the last quarter. Portolan Capital Management LLC grew its stake in shares of Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares during the period. Rheos Capital Works Inc. raised its holdings in shares of Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after buying an additional 12,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kura Sushi USA by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after buying an additional 8,146 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile