Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $65.00

Kura Sushi USA (NASDAQ:KRUS) had its target price reduced by Barclays from $95.00 to $65.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Craig Hallum dropped their price objective on Kura Sushi USA from $130.00 to $120.00 and set a buy rating for the company in a report on Friday. William Blair restated an outperform rating on shares of Kura Sushi USA in a report on Friday, April 5th. Benchmark restated a buy rating and set a $115.00 price objective on shares of Kura Sushi USA in a report on Friday. Roth Mkm restated a buy rating and set a $90.00 price objective (down previously from $120.00) on shares of Kura Sushi USA in a report on Friday. Finally, Lake Street Capital lifted their target price on Kura Sushi USA from $70.00 to $93.00 and gave the company a hold rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $99.38.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $60.40 on Friday. The stock has a market cap of $678.35 million, a price-to-earnings ratio of 431.43 and a beta of 1.93. The stock has a 50 day moving average price of $97.72 and a 200-day moving average price of $96.66. Kura Sushi USA has a one year low of $51.02 and a one year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. The business had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. Sell-side analysts predict that Kura Sushi USA will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 5,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Comerica Bank increased its position in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. Quest Partners LLC acquired a new position in Kura Sushi USA during the 4th quarter valued at about $36,000. Headlands Technologies LLC acquired a new position in Kura Sushi USA during the 1st quarter valued at about $46,000. Tower Research Capital LLC TRC increased its position in Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after buying an additional 746 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Kura Sushi USA during the 4th quarter valued at about $113,000. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA