Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $75.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price target reduced by Barclays from $102.00 to $75.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 43.11% from the stock’s current price.

A number of other research firms also recently issued reports on KRUS. TD Securities began coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. TD Cowen assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Friday, February 21st. Finally, Citigroup reduced their target price on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Kura Sushi USA has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded down $0.33 during midday trading on Wednesday, hitting $52.41. 26,986 shares of the company’s stock were exchanged, compared to its average volume of 239,105. Kura Sushi USA has a 12 month low of $47.46 and a 12 month high of $121.99. The company has a market cap of $632.37 million, a PE ratio of -76.96 and a beta of 1.82. The stock has a 50 day moving average price of $66.08 and a 200-day moving average price of $82.46.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS 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%. On average, analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KRUS. FMR LLC lifted its holdings in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares during the last quarter. 12 West Capital Management LP raised its position in shares of Kura Sushi USA by 12.8% in the fourth quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock valued at $50,400,000 after purchasing an additional 63,000 shares during the period. Portolan Capital Management LLC lifted its stake in shares of Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock valued at $33,809,000 after buying an additional 156,723 shares in the last quarter. Granahan Investment Management LLC boosted its holdings in Kura Sushi USA by 16.4% in the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company’s stock worth $33,245,000 after buying an additional 51,599 shares during the period. Finally, Vanguard Group Inc. grew its stake in Kura Sushi USA by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company’s stock valued at $32,413,000 after buying an additional 19,025 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile