Kura Sushi USA (NASDAQ:KRUS) Given New $70.00 Price Target at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price target raised by Barclays from $60.00 to $70.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

KRUS has been the topic of several other research reports. Citigroup dropped their price target on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Piper Sandler reduced their target price on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Northcoast Research initiated coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price target on the stock. Lake Street Capital cut their price objective on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Finally, Craig Hallum decreased their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.63.

Kura Sushi USA Price Performance

Shares of KRUS opened at $94.32 on Tuesday. The firm’s 50 day moving average is $76.89 and its 200-day moving average is $81.27. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The stock has a market capitalization of $1.06 billion, a P/E ratio of -1,347.43 and a beta of 1.89.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently bought and sold shares of KRUS. Comerica Bank lifted its position in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Kura Sushi USA by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after buying an additional 232 shares during the period. Rhumbline Advisers lifted its position in Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after buying an additional 350 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kura Sushi USA during the 1st quarter valued at $46,000. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Kura Sushi USA by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 28,751 shares of the company’s stock valued at $3,311,000 after acquiring an additional 419 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA