Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $72.38 Average Price Target from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $72.38.

KRUS has been the subject of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 10th. Citigroup reduced their price objective on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Craig Hallum reduced their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, July 10th.

Kura Sushi USA Stock Down 0.6 %

Shares of NASDAQ KRUS opened at $77.33 on Thursday. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The firm has a fifty day simple moving average of $60.02 and a 200 day simple moving average of $85.04. The company has a market capitalization of $868.49 million, a PE ratio of -1,104.71 and a beta of 1.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in Kura Sushi USA during the fourth quarter worth about $2,991,000. Russell Investments Group Ltd. boosted its holdings in Kura Sushi USA by 42.6% during the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock worth $11,895,000 after purchasing an additional 30,836 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after purchasing an additional 22,621 shares during the last quarter. Castleark Management LLC bought a new stake in Kura Sushi USA in the first quarter worth about $3,326,000. Finally, Rheos Capital Works Inc. bought a new stake in Kura Sushi USA in the first quarter worth about $10,940,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile