Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $82.00 by Analysts at Craig Hallum

Kura Sushi USA (NASDAQ:KRUSGet Rating) had its price objective decreased by Craig Hallum to $82.00 in a report issued on Wednesday morning, Stock Target Advisor reports.

Other analysts have also recently issued research reports about the stock. Stephens initiated coverage on shares of Kura Sushi USA in a report on Thursday, September 22nd. They set an overweight rating and a $85.00 price objective for the company. TheStreet raised Kura Sushi USA from a d rating to a c rating in a research note on Monday, August 1st. Finally, BMO Capital Markets dropped their price target on Kura Sushi USA from $80.00 to $70.00 in a research note on Friday, November 11th.

Kura Sushi USA Trading Down 0.3 %

NASDAQ:KRUS opened at $63.38 on Wednesday. The stock has a 50-day moving average price of $71.65 and a 200 day moving average price of $64.66. The stock has a market capitalization of $620.49 million, a P/E ratio of -792.25 and a beta of 1.90. Kura Sushi USA has a 12-month low of $30.95 and a 12-month high of $96.60.

Kura Sushi USA (NASDAQ:KRUSGet Rating) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. The business had revenue of $42.00 million during the quarter, compared to analyst estimates of $41.55 million. Kura Sushi USA had a negative net margin of 0.54% and a negative return on equity of 0.65%. On average, research analysts predict that Kura Sushi USA will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Amalgamated Bank bought a new position in Kura Sushi USA during the first quarter valued at approximately $36,000. Nisa Investment Advisors LLC purchased a new position in shares of Kura Sushi USA in the 2nd quarter worth approximately $37,000. Tower Research Capital LLC TRC boosted its holdings in shares of Kura Sushi USA by 521.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the company’s stock worth $75,000 after purchasing an additional 850 shares during the period. UBS Group AG boosted its holdings in shares of Kura Sushi USA by 2,040.6% in the 3rd quarter. UBS Group AG now owns 1,477 shares of the company’s stock worth $109,000 after purchasing an additional 1,408 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Kura Sushi USA by 55.7% in the 1st quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after purchasing an additional 826 shares during the period. 41.41% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile

(Get Rating)

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as ‘Kura Experience'. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC.

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