Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report)’s share price gapped down prior to trading on Friday after Barclays lowered their price target on the stock from $95.00 to $65.00. The stock had previously closed at $82.39, but opened at $68.52. Barclays currently has an equal weight rating on the stock. Kura Sushi USA shares last traded at $62.19, with a volume of 195,945 shares trading hands.
Several other analysts have also recently weighed in on KRUS. Benchmark reissued a “buy” rating and issued a $115.00 price target on shares of Kura Sushi USA in a research note on Friday. Piper Sandler assumed coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 price target for the company. Citigroup increased their price target 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. Lake Street Capital increased their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Finally, Craig Hallum lowered their price objective 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.00.
Insider Buying and Selling at Kura Sushi USA
In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were 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 owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Kura Sushi USA
A number of hedge funds and other institutional investors have recently modified their holdings of KRUS. Comerica Bank raised its stake in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Kura Sushi USA during the 1st quarter worth $46,000. Quest Partners LLC acquired a new stake in Kura Sushi USA during the 4th quarter worth $36,000. Tower Research Capital LLC TRC increased its stake 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 valued at $81,000 after purchasing an additional 746 shares during the period. Finally, RiverPark Advisors LLC increased its stake in Kura Sushi USA by 293.5% in the first quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock valued at $167,000 after purchasing an additional 1,083 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.
Kura Sushi USA Price Performance
The company has a market capitalization of $708.50 million, a price-to-earnings ratio of 450.68 and a beta of 1.93. The business’s 50 day simple moving average is $97.72 and its 200 day simple moving average is $96.22.
Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last posted its quarterly earnings data on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The business had revenue of $57.29 million during the quarter, compared to analyst estimates of $56.65 million. Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. As a group, analysts expect that Kura Sushi USA, Inc. will post 0.24 EPS for the current fiscal year.