Kura Sushi USA (NASDAQ:KRUS) Now Covered by Analysts at TD Securities

Investment analysts at TD Securities assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note issued on Tuesday,Benzinga reports. The brokerage set a “hold” rating and a $72.00 price target on the stock. TD Securities’ price target suggests a potential upside of 9.69% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday. They set a “hold” rating and a $72.00 price target for the company. Barclays increased their price target on shares of 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 reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Friday, February 21st. Finally, Piper Sandler increased their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $65.64 on Tuesday. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The stock has a market capitalization of $792.01 million, a price-to-earnings ratio of -96.53 and a beta of 1.81. The company has a fifty day moving average of $82.00 and a 200-day moving average of $83.86.

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

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the company’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 completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA in the 4th quarter worth about $31,000. Quest Partners LLC increased its stake in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after acquiring an additional 471 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kura Sushi USA in the 4th quarter worth about $61,000. BNP Paribas Financial Markets bought a new position in shares of Kura Sushi USA in the 4th quarter worth about $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA in the 4th quarter worth about $109,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile