Lake Street Capital Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $72.00

Kura Sushi USA (NASDAQ:KRUS) had its price target reduced by Lake Street Capital from $93.00 to $72.00 in a report issued on Monday, Benzinga reports. They currently have a hold rating on the stock.

Several other research analysts have also weighed in on KRUS. Barclays cut their target price on Kura Sushi USA from $95.00 to $65.00 and set an equal weight rating on the stock in a research report on Friday, June 28th. Roth Mkm reaffirmed a buy rating and issued a $90.00 price objective (down from $120.00) on shares of Kura Sushi USA in a research note on Friday, June 28th. Craig Hallum dropped their target price on shares of Kura Sushi USA from $130.00 to $120.00 and set a buy rating for the company in a research report on Friday, June 28th. Piper Sandler started coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They set a neutral rating and a $114.00 price objective for the company. Finally, Citigroup raised their target price on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Kura Sushi USA presently has a consensus rating of Moderate Buy and an average price target of $99.38.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $60.61 on Monday. The firm’s 50-day simple moving average is $94.75 and its 200-day simple moving average is $96.29. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The firm has a market cap of $680.65 million, a P/E ratio of 432.96 and a beta of 1.87.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. The company had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. Analysts expect that Kura Sushi USA will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Comerica Bank increased its stake in Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Kura Sushi USA during the 4th quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in Kura Sushi USA during the first quarter worth about $46,000. Tower Research Capital LLC TRC lifted its holdings in Kura Sushi USA by 237.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after acquiring an additional 746 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Kura Sushi USA in the fourth quarter worth about $113,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile