Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $78.40

Posted by Defense World Staff on Apr 8th, 2023

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $78.40.

Several equities research analysts have issued reports on KRUS shares. Stephens restated an “overweight” rating and set a $85.00 price objective on shares of Kura Sushi USA in a research report on Friday, January 13th. TheStreet raised shares of Kura Sushi USA from a “d+” rating to a “c-” rating in a report on Tuesday, March 21st. BMO Capital Markets lowered their target price on shares of Kura Sushi USA from $70.00 to $53.00 and set a “market perform” rating on the stock in a report on Friday, January 6th. Craig Hallum raised their target price on shares of Kura Sushi USA from $70.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Benchmark raised their target price on shares of Kura Sushi USA from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday.

Kura Sushi USA Stock Down 1.8 %

Shares of KRUS stock opened at $55.50 on Wednesday. The firm has a 50 day moving average price of $62.58 and a two-hundred day moving average price of $63.41. The company has a market capitalization of $543.35 million, a PE ratio of -792.74 and a beta of 1.94. Kura Sushi USA has a 12-month low of $30.95 and a 12-month high of $96.60.

Kura Sushi USA (NASDAQ:KRUS – Get Rating) last issued its quarterly earnings data on Tuesday, April 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.10. The firm had revenue of $43.94 million during the quarter, compared to the consensus estimate of $41.79 million. Kura Sushi USA had a negative net margin of 0.44% and a negative return on equity of 0.59%. The business’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period last year, the business posted ($0.19) earnings per share. As a group, research analysts expect that Kura Sushi USA will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Kura Sushi USA by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,886 shares of the company’s stock valued at $567,000 after purchasing an additional 204 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kura Sushi USA by 1.0% during the first quarter. Northern Trust Corp now owns 39,435 shares of the company’s stock worth $2,175,000 after buying an additional 378 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Kura Sushi USA by 6.5% during the third quarter. Nuveen Asset Management LLC now owns 10,682 shares of the company’s stock worth $786,000 after buying an additional 653 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Kura Sushi USA by 0.3% during the third quarter. Vanguard Group Inc. now owns 216,571 shares of the company’s stock worth $15,936,000 after buying an additional 710 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Kura Sushi USA by 55.7% during the first quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after buying an additional 826 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.