Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $77.20.

A number of brokerages recently commented on KRUS. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. TD Securities restated a “hold” rating and issued a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Barclays decreased their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Lake Street Capital dropped their price target on shares of Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Citigroup reduced their price objective on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRUS. Driehaus Capital Management LLC acquired a new stake in shares of Kura Sushi USA during the 4th quarter valued at approximately $24,063,000. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock valued at $33,809,000 after purchasing an additional 156,723 shares in the last quarter. Hood River Capital Management LLC raised its holdings in Kura Sushi USA by 109.1% during the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after purchasing an additional 105,316 shares during the last quarter. Millennium Management LLC boosted its position in Kura Sushi USA by 1,334.5% during the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock worth $9,906,000 after purchasing an additional 101,739 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Kura Sushi USA by 85.5% in the fourth quarter. Marshall Wace LLP now owns 188,707 shares of the company’s stock valued at $17,093,000 after purchasing an additional 87,001 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $76.98 on Friday. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $110.66. The company has a 50 day moving average price of $65.53 and a 200 day moving average price of $71.77. The stock has a market capitalization of $930.69 million, a P/E ratio of -85.53 and a beta of 1.61.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. The firm had revenue of $64.89 million for the quarter, compared to analysts’ expectations of $66.30 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Research analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile