Citigroup Lowers Kura Sushi USA (NASDAQ:KRUS) Price Target to $71.00

Kura Sushi USA (NASDAQ:KRUS) had its price target cut by equities research analysts at Citigroup from $116.00 to $71.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 23.13% from the company’s previous close.

Several other analysts also recently commented on the company. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Securities started coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. Benchmark decreased their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday. Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Friday, February 21st. Finally, TD Cowen began coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.50.

Kura Sushi USA Trading Down 1.6 %

Shares of Kura Sushi USA stock opened at $57.66 on Wednesday. The firm has a market capitalization of $695.76 million, a PE ratio of -85.33 and a beta of 1.82. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The firm’s 50 day moving average is $68.56 and its 200 day moving average is $83.05.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate 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%. As a group, research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Kura Sushi USA during the 4th quarter valued at about $750,000. Barclays PLC lifted its holdings in Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after buying an additional 9,229 shares during the period. Rhumbline Advisers grew its holdings in shares of Kura Sushi USA by 70.0% during the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after acquiring an additional 5,567 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kura Sushi USA by 33.4% in the 3rd 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 in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Kura Sushi USA by 113.1% during the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock valued at $3,487,000 after purchasing an additional 20,432 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile