Barclays Has Lowered Expectations for Kura Sushi USA (NASDAQ:KRUS) Stock Price

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by analysts at Barclays from $75.00 to $67.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 3.47% from the stock’s current price.

KRUS has been the topic of several other research reports. Citigroup boosted their price target on Kura Sushi USA from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Benchmark reiterated a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Sanford C. Bernstein set a $67.00 price target on Kura Sushi USA in a research note on Wednesday. Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kura Sushi USA in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA has an average rating of “Hold” and a consensus price target of $90.30.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $64.75 on Wednesday. Kura Sushi USA has a 1-year low of $40.03 and a 1-year high of $110.66. The stock’s fifty day moving average price is $71.31 and its 200 day moving average price is $71.95. The company has a market cap of $782.83 million, a price-to-earnings ratio of -80.94 and a beta of 1.76.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $29.83 million for the quarter. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Kura Sushi USA in the 3rd quarter worth about $579,000. Inspire Investing LLC acquired a new position in Kura Sushi USA in the 3rd quarter worth about $456,000. Voya Investment Management LLC raised its holdings in Kura Sushi USA by 17.4% in the 3rd quarter. Voya Investment Management LLC now owns 323,032 shares of the company’s stock worth $19,191,000 after purchasing an additional 47,830 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Kura Sushi USA by 114.8% during the third quarter. Moody National Bank Trust Division now owns 46,079 shares of the company’s stock valued at $2,738,000 after acquiring an additional 24,629 shares during the last quarter. Finally, Ranger Investment Management L.P. raised its holdings in shares of Kura Sushi USA by 7.8% during the second quarter. Ranger Investment Management L.P. now owns 154,830 shares of the company’s stock valued at $13,328,000 after acquiring an additional 11,235 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile