Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $75.00 by Analysts at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price objective reduced by Barclays from $102.00 to $75.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

KRUS has been the subject of several other research reports. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Citigroup cut their price objective on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. TD Cowen began coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Friday, February 21st. Finally, TD Securities started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $53.65 on Wednesday. Kura Sushi USA has a one year low of $47.46 and a one year high of $121.99. The stock has a 50-day moving average price of $65.58 and a 200 day moving average price of $82.25. The company has a market capitalization of $647.34 million, a P/E ratio of -78.90 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, equities research analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KRUS. FMR LLC grew its holdings in Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after buying an additional 390,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after acquiring an additional 1,644 shares during the period. Verition Fund Management LLC boosted its position in Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after acquiring an additional 46,549 shares during the period. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA in the third quarter worth $237,000. Finally, Portolan Capital Management LLC increased its holdings in shares of Kura Sushi USA by 15.3% during the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile