Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Target Price at $78.00

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $78.00.

A number of equities analysts recently commented on the stock. Lake Street Capital reiterated a “buy” rating and issued a $70.00 target price on shares of Kura Sushi USA in a research report on Thursday, January 8th. Royal Bank Of Canada set a $85.00 price target on shares of Kura Sushi USA in a research report on Tuesday, January 20th. Barclays reduced their price objective on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Citigroup reissued a “neutral” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Finally, Piper Sandler increased their target price on Kura Sushi USA from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, January 16th.

Kura Sushi USA Price Performance

Shares of KRUS opened at $57.68 on Monday. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $95.98. The stock has a 50 day simple moving average of $68.73 and a two-hundred day simple moving average of $62.68. The firm has a market cap of $698.50 million, a P/E ratio of -174.79 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Wednesday, January 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.06). The business had revenue of $73.46 million for the quarter, compared to analysts’ expectations of $72.98 million. Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.During the same period last year, the business posted ($0.08) earnings per share. On average, equities analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the sale, the insider owned 6,026 shares in the company, valued at approximately $439,476.18. The trade was a 62.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.28% 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 the company. Raymond James Financial Inc. bought a new stake in Kura Sushi USA during the 2nd quarter valued at $29,000. Key Financial Inc grew its holdings in Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after acquiring an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Kura Sushi USA in the fourth quarter valued at about $36,000. Caitong International Asset Management Co. Ltd increased its position in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after acquiring an additional 646 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.