Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $103.00 at Lake Street Capital

Kura Sushi USA (NASDAQ:KRUS) had its price objective upped by Lake Street Capital from $78.00 to $103.00 in a research report report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Northcoast Research assumed coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price target for the company. Barclays lifted their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler increased 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. Craig Hallum lifted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Trading Down 11.8 %

KRUS stock opened at $90.09 on Wednesday. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The business’s 50 day moving average is $96.83 and its 200-day moving average is $79.42. The firm has a market cap of $1.08 billion, a P/E ratio of -115.50 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. Sell-side analysts forecast that Kura Sushi USA will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after purchasing an additional 350 shares during the period. Quest Partners LLC raised its stake in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the last quarter. Kings Path Partners LLC lifted its holdings in Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after buying an additional 831 shares during the period. State Street Corp boosted its stake in Kura Sushi USA by 0.8% in the third quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile