Kura Sushi USA (NASDAQ:KRUS) Receives “Outperform” Rating from William Blair

Kura Sushi USA (NASDAQ:KRUSGet Free Report)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a report released on Wednesday,RTT News reports.

Several other analysts have also recently weighed in on KRUS. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Craig Hallum increased their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price target on the stock. Finally, Barclays upped their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

View Our Latest Report on Kura Sushi USA

Kura Sushi USA Price Performance

KRUS stock traded down $10.67 during midday trading on Wednesday, reaching $91.51. 182,146 shares of the stock were exchanged, compared to its average volume of 188,221. The company has a fifty day moving average price of $97.00 and a 200 day moving average price of $79.34. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The stock has a market capitalization of $1.09 billion, a PE ratio of -117.32 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. As a group, analysts anticipate that Kura Sushi USA will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC increased its position in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA in the 3rd quarter valued at about $237,000. Jennison Associates LLC grew its stake in Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the last quarter. Rhumbline Advisers raised its position in Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after acquiring an additional 350 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Kura Sushi USA in the second quarter valued at about $521,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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