Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $71.43 Consensus Price Target from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $71.43.

Several analysts recently issued reports on the company. Piper Sandler cut their target price on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Lake Street Capital cut their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Barclays cut their target price on Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Finally, Craig Hallum dropped their price target 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.

Kura Sushi USA Trading Up 3.4 %

NASDAQ:KRUS opened at $54.61 on Wednesday. Kura Sushi USA has a 12-month low of $49.01 and a 12-month high of $122.81. The stock has a 50-day moving average price of $76.63 and a 200 day moving average price of $93.59. The stock has a market capitalization of $613.82 million, a P/E ratio of -780.14 and a beta of 1.87.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its stake in shares of Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Kura Sushi USA by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after purchasing an additional 232 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA in the 1st quarter valued at approximately $46,000. Essex Investment Management Co. LLC lifted its stake in shares of Kura Sushi USA by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 28,751 shares of the company’s stock valued at $3,311,000 after purchasing an additional 419 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Kura Sushi USA by 2.8% in the 4th quarter. Valmark Advisers Inc. now owns 16,601 shares of the company’s stock valued at $1,262,000 after purchasing an additional 448 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile