Kura Sushi USA (NASDAQ:KRUS) PT Raised to $70.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price objective upped by equities research analysts at Barclays from $60.00 to $70.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential downside of 24.90% from the stock’s current price.

A number of other analysts have also weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Craig Hallum cut their price objective on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler cut their price objective on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Roth Mkm reaffirmed a “buy” rating and set a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Finally, Lake Street Capital dropped their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.63.

Kura Sushi USA Trading Down 2.0 %

Kura Sushi USA stock opened at $93.21 on Tuesday. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The stock’s fifty day simple moving average is $75.68 and its 200-day simple moving average is $81.32. The firm has a market capitalization of $1.05 billion, a P/E ratio of -1,331.57 and a beta of 1.89.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently bought and sold shares of KRUS. Lazard Asset Management LLC boosted its stake in Kura Sushi USA by 144.0% in the first quarter. Lazard Asset Management LLC now owns 62,031 shares of the company’s stock valued at $7,143,000 after acquiring an additional 36,609 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Kura Sushi USA by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock valued at $11,895,000 after acquiring an additional 30,836 shares in the last quarter. Castleark Management LLC acquired a new position in Kura Sushi USA in the first quarter valued at $3,326,000. Roubaix Capital LLC acquired a new position in Kura Sushi USA in the second quarter valued at $1,755,000. Finally, Lord Abbett & CO. LLC boosted its stake in Kura Sushi USA by 28.1% in the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after acquiring an additional 22,823 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile