Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Rating of “Moderate Buy” by Brokerages

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

A number of research analysts have weighed in on KRUS shares. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Lake Street Capital lifted their price objective on Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Barclays upped their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Craig Hallum lifted 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 objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Read Our Latest Research Report on KRUS

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC increased its position in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after acquiring an additional 471 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA in the 3rd quarter valued at approximately $237,000. Jennison Associates LLC raised its position in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after purchasing an additional 1,292 shares during the period. Rhumbline Advisers lifted its stake in Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after purchasing an additional 350 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Kura Sushi USA during the second quarter worth $521,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $83.82 on Wednesday. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The stock’s fifty day moving average is $95.89 and its two-hundred day moving average is $79.60. The firm has a market capitalization of $1.00 billion, a P/E ratio of -107.46 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. On average, equities analysts forecast that Kura Sushi USA will post 0.09 earnings per share for the current year.

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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