Piper Sandler Raises Kura Sushi USA (NASDAQ:KRUS) Price Target to $98.00

Kura Sushi USA (NASDAQ:KRUS) had its price target lifted by equities researchers at Piper Sandler from $63.00 to $98.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential downside of 5.30% from the company’s previous close.

A number of other research firms also recently weighed in on KRUS. Benchmark reaffirmed a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Barclays upped their price target on Kura Sushi USA from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Craig Hallum cut their price objective on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Roth Mkm reissued a “buy” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Finally, Northcoast Research initiated coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $103.48 on Thursday. The stock has a 50 day simple moving average of $82.44 and a 200 day simple moving average of $80.41. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The firm has a market capitalization of $1.16 billion, a PE ratio of -1,478.29 and a beta of 1.86.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. Kura Sushi USA had a negative return on equity of 0.07% and a negative net margin of 0.30%. The firm had revenue of $66.01 million during the quarter, compared to the consensus estimate of $64.13 million. Equities research analysts predict that Kura Sushi USA will post -0.26 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Several large investors have recently bought and sold shares of KRUS. Oppenheimer & Co. Inc. raised its position in shares of Kura Sushi USA by 36.2% during the first quarter. Oppenheimer & Co. Inc. now owns 3,690 shares of the company’s stock worth $425,000 after acquiring an additional 980 shares during the last quarter. Headlands Technologies LLC bought a new stake in Kura Sushi USA in the first quarter worth approximately $46,000. Russell Investments Group Ltd. increased its holdings in Kura Sushi USA by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock worth $11,895,000 after purchasing an additional 30,836 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in Kura Sushi USA by 28.1% in the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock worth $11,967,000 after purchasing an additional 22,823 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after purchasing an additional 5,942 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile