Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $77.20.

A number of research analysts have recently commented on KRUS shares. TD Securities reissued a “hold” rating and issued a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Benchmark decreased their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Barclays cut their target price on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Finally, Citigroup cut their target price on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $66.33 on Tuesday. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $112.61. The firm has a 50-day moving average of $56.45 and a 200-day moving average of $75.18. The stock has a market cap of $801.60 million, a PE ratio of -97.54 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the company earned ($0.09) EPS. Equities research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently made changes to their positions in the business. Driehaus Capital Management LLC bought a new stake in Kura Sushi USA in the 4th quarter valued at about $24,063,000. Portolan Capital Management LLC grew its holdings in shares of Kura Sushi USA by 72.4% during the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after purchasing an additional 156,723 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Kura Sushi USA by 109.1% during the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after purchasing an additional 105,316 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Kura Sushi USA by 1,334.5% during the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock worth $9,906,000 after purchasing an additional 101,739 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Kura Sushi USA by 85.5% in the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company’s stock worth $17,093,000 after buying an additional 87,001 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile