Kura Sushi USA (NASDAQ:KRUS) Earns Hold Rating from TD Securities

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “hold” rating reiterated by equities research analysts at TD Securities in a research report issued on Friday,Benzinga reports. They presently have a $72.00 price objective on the stock. TD Securities’ price objective suggests a potential upside of 66.47% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Cowen assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. Citigroup decreased their price objective on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a report on Wednesday, March 26th. Benchmark dropped their price objective on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Finally, Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.00.

Kura Sushi USA Price Performance

Kura Sushi USA stock traded down $4.17 during mid-day trading on Friday, hitting $43.25. 351,552 shares of the company were exchanged, compared to its average volume of 192,107. The company has a market capitalization of $521.85 million, a P/E ratio of -63.73 and a beta of 1.72. Kura Sushi USA has a 12-month low of $40.08 and a 12-month high of $121.99. The business’s 50 day simple moving average is $64.91 and its two-hundred day simple moving average is $82.01.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share 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%. Equities research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently made changes to their positions in KRUS. SBI Securities Co. Ltd. acquired a new stake in Kura Sushi USA during the 4th quarter valued at $750,000. Barclays PLC lifted its holdings in Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after acquiring an additional 9,229 shares in the last quarter. Rhumbline Advisers grew its position in shares of Kura Sushi USA by 70.0% in the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock valued at $1,225,000 after purchasing an additional 5,567 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kura Sushi USA by 33.4% during 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 buying an additional 1,644 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in shares of Kura Sushi USA by 113.1% in the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock valued at $3,487,000 after buying an additional 20,432 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile