Craig Hallum Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $120.00

Kura Sushi USA (NASDAQ:KRUS) had its price target lowered by Craig Hallum from $130.00 to $120.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Roth Mkm reiterated a buy rating and issued a $90.00 price target (down previously from $120.00) on shares of Kura Sushi USA in a report on Friday. Citigroup increased their target price on Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a research note on Friday, April 5th. Lake Street Capital increased their target price on Kura Sushi USA from $70.00 to $93.00 and gave the company a hold rating in a research note on Friday, April 5th. Benchmark reissued a buy rating and issued a $115.00 target price on shares of Kura Sushi USA in a research note on Friday. Finally, William Blair reissued an outperform rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kura Sushi USA has a consensus rating of Moderate Buy and an average target price of $102.00.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $63.09 on Friday. The stock’s fifty day moving average is $97.72 and its 200-day moving average is $96.66. The stock has a market capitalization of $708.50 million, a PE ratio of 450.68 and a beta of 1.93. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The firm had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.65 million. Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. As a group, analysts forecast that Kura Sushi USA will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KRUS. Comerica Bank boosted its stake in shares of Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the period. Quest Partners LLC acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $36,000. Headlands Technologies LLC acquired a new stake in Kura Sushi USA during the 1st quarter worth approximately $46,000. Tower Research Capital LLC TRC lifted its holdings in Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after purchasing an additional 746 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $113,000. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA