Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $89.75

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $89.75.

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

Kura Sushi USA Price Performance

NASDAQ KRUS opened at $77.44 on Friday. The firm has a market capitalization of $934.39 million, a P/E ratio of -113.88 and a beta of 1.81. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The business’s 50-day simple moving average is $86.21 and its 200-day simple moving average is $82.68.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating 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, equities research analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of Kura Sushi USA by 17.1% during the 4th quarter. Jane Street Group LLC now owns 8,096 shares of the company’s stock valued at $733,000 after acquiring an additional 1,181 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Kura Sushi USA during the 4th quarter valued at approximately $204,000. Tudor Investment Corp ET AL raised its position in shares of Kura Sushi USA by 387.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company’s stock valued at $3,123,000 after acquiring an additional 27,408 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Kura Sushi USA by 98.7% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 14,038 shares of the company’s stock valued at $1,272,000 after acquiring an additional 6,973 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Kura Sushi USA by 1.6% during the 4th quarter. Voya Investment Management LLC now owns 204,583 shares of the company’s stock valued at $18,531,000 after acquiring an additional 3,217 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA