Kura Sushi USA (NASDAQ:KRUS) PT Lowered to $63.00 at Piper Sandler

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by Piper Sandler from $89.00 to $63.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Roth Mkm reissued a buy rating and set a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Lake Street Capital reduced their price objective on Kura Sushi USA from $72.00 to $64.00 and set a hold rating for the company in a research note on Wednesday, July 10th. Benchmark restated a buy rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Citigroup reduced their price objective on Kura Sushi USA from $79.00 to $68.00 and set a neutral rating for the company in a research note on Wednesday, July 10th. Finally, Craig Hallum reduced their price objective on Kura Sushi USA from $120.00 to $85.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $71.43.

Kura Sushi USA Price Performance

NASDAQ KRUS opened at $54.78 on Thursday. The business’s fifty day moving average price is $87.55 and its 200-day moving average price is $95.59. The stock has a market capitalization of $615.18 million, a price-to-earnings ratio of -782.57 and a beta of 1.87. Kura Sushi USA has a 1-year low of $49.01 and a 1-year high of $122.81.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors have recently bought and sold shares of the business. Comerica Bank increased its stake in Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after buying an additional 99 shares in the last quarter. Quest Partners LLC purchased a new stake in Kura Sushi USA in the 4th quarter worth $36,000. Headlands Technologies LLC purchased a new position in shares of Kura Sushi USA during the first quarter valued at about $46,000. Tower Research Capital LLC TRC grew its position in shares of Kura Sushi USA by 237.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after purchasing an additional 746 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Kura Sushi USA during the fourth quarter valued at about $113,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile