Citigroup Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $47.00

Kura Sushi USA (NASDAQ:KRUS) had its price target dropped by Citigroup from $71.00 to $47.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential downside of 5.58% from the company’s current price.

Several other equities research analysts have also recently weighed in on KRUS. Lake Street Capital dropped their target price on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark cut their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. TD Cowen initiated coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. TD Securities reiterated a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Finally, Barclays lowered their price target on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.20.

Kura Sushi USA Stock Performance

KRUS traded down $4.79 during midday trading on Thursday, hitting $49.78. The stock had a trading volume of 105,799 shares, compared to its average volume of 273,119. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $121.99. The business has a fifty day moving average of $61.04 and a 200 day moving average of $80.51. The company has a market cap of $600.65 million, a P/E ratio of -73.32 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The business had revenue of $64.89 million during the quarter, compared to analysts’ expectations of $66.30 million. During the same quarter in the previous year, the business earned ($0.09) EPS. On average, equities research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Kura Sushi USA during the 4th quarter valued at about $750,000. Barclays PLC increased its position in shares of Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after acquiring an additional 9,229 shares in the last quarter. Rhumbline Advisers increased its position in shares of Kura Sushi USA by 70.0% during the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock valued at $1,225,000 after acquiring an additional 5,567 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kura Sushi USA by 33.4% in 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 last quarter. Finally, King Luther Capital Management Corp lifted its position in Kura Sushi USA by 113.1% in the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock valued at $3,487,000 after acquiring an additional 20,432 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile