TD Cowen Begins Coverage on Kura Sushi USA (NASDAQ:KRUS)

TD Cowen assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $72.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Friday, February 21st. Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Craig Hallum increased their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barclays lifted 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 report on Friday, November 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.20.

Kura Sushi USA Stock Down 4.5 %

NASDAQ KRUS opened at $62.68 on Tuesday. The company has a 50-day moving average price of $81.38 and a 200-day moving average price of $83.71. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The firm has a market capitalization of $756.30 million, a P/E ratio of -92.18 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) 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%. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Activity

In related 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 transaction of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

Several hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA in the fourth quarter worth about $31,000. Quest Partners LLC increased its stake 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 acquiring an additional 471 shares during the last quarter. Quantbot Technologies LP bought a new stake in Kura Sushi USA in the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets bought a new position in shares of Kura Sushi USA during the 4th quarter valued at approximately $77,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA in the fourth quarter valued at $109,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile