Kura Sushi USA (NASDAQ:KRUS) Given New $71.00 Price Target at Citigroup

Kura Sushi USA (NASDAQ:KRUS) had its price target decreased by Citigroup from $116.00 to $71.00 in a report released on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

KRUS has been the topic of a number of other research reports. Benchmark cut their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Friday, February 21st. TD Securities initiated coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective on the stock. TD Cowen initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus price target of $87.50.

Kura Sushi USA Stock Performance

NASDAQ KRUS opened at $51.60 on Wednesday. The firm has a market capitalization of $622.61 million, a PE ratio of -75.88 and a beta of 1.82. The company has a 50-day simple moving average of $67.04 and a 200-day simple moving average of $82.58. Kura Sushi USA has a one year low of $48.66 and a one year high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Equities analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA during the 4th quarter valued at about $31,000. Quest Partners LLC increased its stake in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets bought a new position in Kura Sushi USA in the fourth quarter valued at approximately $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in Kura Sushi USA in the fourth quarter valued at approximately $109,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile