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

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $77.20.

A number of research firms have recently weighed in on KRUS. Lake Street Capital reduced their target price on shares of Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Citigroup reduced their price objective on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Barclays lowered their target price on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. TD Securities reiterated a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a research note on Friday, April 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, April 9th.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Driehaus Capital Management LLC bought a new position in shares of Kura Sushi USA in the fourth quarter worth $24,063,000. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after acquiring an additional 156,723 shares during the last quarter. Hood River Capital Management LLC raised its holdings in shares of Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock valued at $18,280,000 after acquiring an additional 105,316 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock valued at $9,906,000 after acquiring an additional 101,739 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Kura Sushi USA by 85.5% during the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company’s stock valued at $17,093,000 after acquiring an additional 87,001 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Down 3.2%

KRUS stock opened at $78.21 on Friday. The firm has a market cap of $945.17 million, a PE ratio of -115.01 and a beta of 1.61. The business has a 50 day moving average of $63.88 and a 200-day moving average of $72.36. Kura Sushi USA has a 12-month low of $40.03 and a 12-month high of $110.66.

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

About Kura Sushi USA