Lake Street Capital Issues Positive Forecast for Kura Sushi USA (NASDAQ:KRUS) Stock Price

Kura Sushi USA (NASDAQ:KRUS) had its price objective boosted by research analysts at Lake Street Capital from $78.00 to $103.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 12.25% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Piper Sandler increased their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Craig Hallum increased their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Northcoast Research began coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price on the stock. Barclays increased their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Trading Down 10.2 %

Shares of KRUS traded down $10.42 during trading hours on Wednesday, reaching $91.76. 203,962 shares of the company traded hands, compared to its average volume of 189,502. The stock’s fifty day moving average price is $97.00 and its 200 day moving average price is $79.34. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -117.64 and a beta of 1.84. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. On average, research analysts forecast that Kura Sushi USA will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after buying an additional 350 shares during the period. Quest Partners LLC boosted its position in 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 purchasing an additional 471 shares in the last quarter. Kings Path Partners LLC grew its stake in shares of Kura Sushi USA by 8.2% during the 4th quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock worth $998,000 after purchasing an additional 831 shares during the period. State Street Corp increased its holdings in shares of Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after purchasing an additional 1,016 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after buying an additional 1,292 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile