Kura Sushi USA’s (KRUS) “Outperform” Rating Reaffirmed at William Blair

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “outperform” rating restated by William Blair in a note issued to investors on Wednesday,RTT News reports.

Other analysts have also issued reports about the company. Craig Hallum lifted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays increased their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Northcoast Research started coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Stock Performance

Kura Sushi USA stock traded down $10.67 during trading on Wednesday, reaching $91.51. 182,146 shares of the company’s stock were exchanged, compared to its average volume of 188,221. The company’s 50-day moving average is $97.00 and its two-hundred day moving average is $79.34. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -117.32 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. Analysts anticipate that Kura Sushi USA will post 0.09 EPS for the current year.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC lifted its position in Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after purchasing an additional 9,229 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth about $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kura Sushi USA by 33.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after acquiring an additional 1,644 shares during the last quarter. Rheos Capital Works Inc. raised its holdings in Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile