Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Price Target at $69.00

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $69.00.

Several equities research analysts have commented on the stock. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Roth Capital reduced their price target on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. TD Cowen decreased their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Lake Street Capital lowered their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, DA Davidson set a $65.00 price objective on Kura Sushi USA in a research note on Thursday, July 9th.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $45.86 on Friday. The stock has a market cap of $557.20 million, a PE ratio of -254.76 and a beta of 1.33. The stock has a 50-day moving average of $51.28 and a 200-day moving average of $59.97. Kura Sushi USA has a one year low of $42.62 and a one year high of $95.98.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. The business had revenue of $85.92 million for the quarter, compared to the consensus estimate of $86.45 million. As a group, research analysts anticipate that Kura Sushi USA will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently modified their holdings of the business. Balyasny Asset Management L.P. bought a new position in shares of Kura Sushi USA during the 4th quarter valued at about $19,194,000. Stephens Inc. AR increased its stake in Kura Sushi USA by 31.9% during the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after purchasing an additional 267,955 shares in the last quarter. Woodline Partners LP raised its holdings in Kura Sushi USA by 270.3% during the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after buying an additional 213,158 shares during the period. Millennium Management LLC raised its holdings in Kura Sushi USA by 1,404.2% during the 4th quarter. Millennium Management LLC now owns 168,820 shares of the company’s stock worth $8,834,000 after buying an additional 157,597 shares during the period. Finally, Pillsbury Lake Capital LLC bought a new position in Kura Sushi USA in the fourth quarter valued at approximately $8,037,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.