Citigroup Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $47.00

Kura Sushi USA (NASDAQ:KRUS) had its price objective trimmed by Citigroup from $71.00 to $47.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the company. Barclays reduced their price target on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Lake Street Capital reduced 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 report on Wednesday. TD Cowen started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. Benchmark decreased their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.20.

Kura Sushi USA Stock Down 3.2 %

NASDAQ:KRUS opened at $49.26 on Thursday. The firm has a market cap of $594.37 million, a PE ratio of -72.44 and a beta of 1.72. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $121.99. The company’s 50-day moving average price is $59.94 and its two-hundred day moving average price is $80.06.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The company had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, research analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Kura Sushi USA

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Kura Sushi USA by 33.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after acquiring an additional 1,644 shares during the last quarter. Janus Henderson Group PLC bought a new position in Kura Sushi USA in the 3rd quarter worth about $237,000. State Street Corp boosted its position in shares of Kura Sushi USA by 0.8% in the third quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after acquiring an additional 1,016 shares during the period. Barclays PLC boosted its holdings in Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after purchasing an additional 9,229 shares during the period. Finally, Kings Path Partners LLC boosted its stake in Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after buying an additional 831 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA