Kura Sushi USA (NASDAQ:KRUS) Rating Increased to Buy at Lake Street Capital

Kura Sushi USA (NASDAQ:KRUS) was upgraded by stock analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a report issued on Friday,Finviz reports. The brokerage presently has a $103.00 price objective on the stock. Lake Street Capital’s price objective indicates a potential upside of 39.11% from the company’s current price.

A number of other brokerages have also issued reports on KRUS. Craig Hallum upped their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barclays upped their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, Piper Sandler increased their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Kura Sushi USA Stock Down 5.1 %

Shares of KRUS opened at $74.04 on Friday. The company has a 50 day moving average of $84.36 and a two-hundred day moving average of $83.31. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The company has a market cap of $893.66 million, a price-to-earnings ratio of -108.88 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. On average, sell-side analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kura Sushi USA

A number of large investors have recently added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $31,000. Quest Partners LLC grew its holdings in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth about $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA in the fourth quarter valued at about $77,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Kura Sushi USA during the fourth quarter worth about $109,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile