Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $60.00 by Analysts at Barclays

Kura Sushi USA (NASDAQ:KRUSFree Report) had its price target decreased by Barclays from $65.00 to $60.00 in a report published on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on the stock. William Blair restated an outperform rating on shares of Kura Sushi USA in a report on Friday, April 5th. Piper Sandler assumed coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They set a neutral rating and a $114.00 price objective on the stock. Benchmark reiterated a buy rating and issued a $90.00 target price on shares of Kura Sushi USA in a research note on Wednesday. Roth Mkm reissued a buy rating and set a $70.00 price target (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday. Finally, Citigroup dropped their price objective on Kura Sushi USA from $79.00 to $68.00 and set a neutral rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $71.43.

Get Our Latest Analysis on Kura Sushi USA

Kura Sushi USA Stock Down 16.1 %

KRUS stock opened at $49.07 on Wednesday. Kura Sushi USA has a twelve month low of $49.01 and a twelve month high of $122.81. The company has a market cap of $551.11 million, a price-to-earnings ratio of 350.50 and a beta of 1.87. The business has a 50 day moving average price of $89.60 and a two-hundred day moving average price of $95.79.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently modified their holdings of KRUS. Vanguard Group Inc. increased its position in Kura Sushi USA by 0.9% during the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock worth $20,191,000 after acquiring an additional 2,731 shares during the period. SG Americas Securities LLC acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $113,000. Legato Capital Management LLC increased its holdings in shares of Kura Sushi USA by 35.2% during the fourth quarter. Legato Capital Management LLC now owns 14,584 shares of the company’s stock worth $1,108,000 after purchasing an additional 3,796 shares during the period. New York State Common Retirement Fund raised its position in shares of Kura Sushi USA by 5.0% in the fourth quarter. New York State Common Retirement Fund now owns 19,952 shares of the company’s stock valued at $1,516,000 after buying an additional 953 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of Kura Sushi USA by 2.8% in the fourth quarter. Valmark Advisers Inc. now owns 16,601 shares of the company’s stock valued at $1,262,000 after buying an additional 448 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

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