Kura Sushi USA (NASDAQ:KRUS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Kura Sushi USA (NASDAQ:KRUS) had its price target hoisted by equities research analysts at Piper Sandler from $63.00 to $98.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 7.73% from the company’s current price.

KRUS has been the subject of a number of other research reports. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Northcoast Research started coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Citigroup decreased their price objective on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Lake Street Capital decreased their price target on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays lifted their price objective on Kura Sushi USA from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kura Sushi USA has an average rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Trading Down 4.3 %

Shares of NASDAQ KRUS traded down $4.12 on Thursday, reaching $90.97. 237,738 shares of the company traded hands, compared to its average volume of 150,875. The company has a 50 day moving average of $83.51 and a 200 day moving average of $80.38. Kura Sushi USA has a fifty-two week low of $48.66 and a fifty-two week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $66.01 million during the quarter, compared to analysts’ expectations of $64.13 million. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. As a group, equities analysts predict that Kura Sushi USA will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors have recently modified their holdings of the business. Comerica Bank raised its position in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after buying an additional 99 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA during the first quarter valued at approximately $46,000. Quest Partners LLC grew its position in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares during the period. Versor Investments LP bought a new stake in Kura Sushi USA in the 2nd quarter worth approximately $233,000. Finally, Moody National Bank Trust Division purchased a new stake in shares of Kura Sushi USA in the 2nd quarter worth $365,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile