Kura Sushi USA (NASDAQ:KRUS) Price Target Raised to $70.00

Kura Sushi USA (NASDAQ:KRUS) had its price target lifted by research analysts at Barclays from $60.00 to $70.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 24.73% from the stock’s current price.

KRUS has been the subject of several other reports. Craig Hallum dropped their target price on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Northcoast Research started coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Piper Sandler decreased their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Lake Street Capital dropped their price target on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.63.

Kura Sushi USA Stock Performance

Kura Sushi USA stock traded up $3.35 during mid-day trading on Tuesday, reaching $93.00. The company’s stock had a trading volume of 53,349 shares, compared to its average volume of 158,487. The company has a market capitalization of $1.04 billion, a P/E ratio of -1,328.57 and a beta of 1.89. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The firm’s fifty day moving average price is $74.29 and its two-hundred day moving average price is $81.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KRUS. Lazard Asset Management LLC boosted its stake in shares of Kura Sushi USA by 144.0% in the first quarter. Lazard Asset Management LLC now owns 62,031 shares of the company’s stock valued at $7,143,000 after purchasing an additional 36,609 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Kura Sushi USA by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock valued at $11,895,000 after acquiring an additional 30,836 shares in the last quarter. Castleark Management LLC acquired a new position in Kura Sushi USA during the 1st quarter worth approximately $3,326,000. Roubaix Capital LLC acquired a new stake in Kura Sushi USA in the second quarter valued at $1,755,000. Finally, Lord Abbett & CO. LLC grew its holdings in Kura Sushi USA by 28.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after buying an additional 22,823 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile