Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $76.92 Average Target Price from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $75.75.

Several analysts recently weighed in on the company. Weiss Ratings lowered Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research note on Monday, April 6th. TD Cowen reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, June 3rd. Barclays raised their price objective on Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th.

Kura Sushi USA Stock Performance

KRUS opened at $59.12 on Wednesday. The business’s fifty day moving average is $52.72 and its 200-day moving average is $60.16. The firm has a market cap of $718.31 million, a P/E ratio of -369.50 and a beta of 1.32. Kura Sushi USA has a 52-week low of $42.62 and a 52-week high of $95.98.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently bought and sold shares of KRUS. Raymond James Financial Inc. bought a new position in Kura Sushi USA in the second quarter valued at about $29,000. Key Financial Inc raised its position in Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Kura Sushi USA in the fourth quarter valued at about $36,000. Caitong International Asset Management Co. Ltd raised its position in 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 purchasing an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

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.