Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $77.00 Average Price Target from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $77.00.

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Citigroup lifted their price objective on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Zacks Research downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the company. Stephens Inc. AR boosted its holdings in Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after buying an additional 267,955 shares during the period. Granahan Investment Management LLC boosted its stake in shares of Kura Sushi USA by 17.3% in the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after acquiring an additional 116,096 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of Kura Sushi USA during the third quarter worth about $34,586,000. Balyasny Asset Management L.P. bought a new stake in Kura Sushi USA during the 4th quarter valued at approximately $19,194,000. Finally, Ameriprise Financial Inc. lifted its holdings in Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after purchasing an additional 51,574 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $55.92 on Tuesday. The company has a market cap of $679.43 million, a price-to-earnings ratio of -349.50 and a beta of 1.33. Kura Sushi USA has a 1 year low of $42.62 and a 1 year high of $95.98. The firm has a fifty day moving average price of $61.05 and a 200-day moving average price of $60.50.

Kura Sushi USA Company Profile

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.