Kura Sushi USA (NASDAQ:KRUS) Given New $120.00 Price Target at Craig Hallum

Kura Sushi USA (NASDAQ:KRUS) had its target price lifted by Craig Hallum from $85.00 to $120.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Lake Street Capital lowered their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Piper Sandler upped 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 report on Thursday. 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 price objective for the company. Finally, Barclays boosted their target price on shares of Kura Sushi USA from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded down $4.12 on Thursday, hitting $90.97. The stock had a trading volume of 237,737 shares, compared to its average volume of 161,684. The firm’s 50 day moving average price is $83.51 and its 200-day moving average price is $80.38. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1,299.57 and a beta of 1.86.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Kura Sushi USA had a negative net margin of 0.30% and a negative return on equity of 0.07%. The firm had revenue of $66.01 million for the quarter, compared to analyst estimates of $64.13 million. As a group, sell-side analysts predict that Kura Sushi USA will post -0.26 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank increased its stake in shares of Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after acquiring an additional 99 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Kura Sushi USA by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after purchasing an additional 232 shares during the period. Rhumbline Advisers increased its stake in Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after purchasing an additional 350 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Kura Sushi USA in the first quarter worth $46,000. Finally, Quest Partners LLC boosted its position in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA