Lake Street Capital Forecasts Strong Price Appreciation for Kura Sushi USA (NASDAQ:KRUS) Stock

Kura Sushi USA (NASDAQ:KRUS) had its price target boosted by equities research analysts at Lake Street Capital from $78.00 to $103.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Lake Street Capital’s price target would suggest a potential upside of 12.25% from the company’s current price.

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

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded down $10.42 during midday trading on Wednesday, reaching $91.76. 203,962 shares of the company’s stock traded hands, compared to its average volume of 189,502. The company has a fifty day simple moving average of $97.00 and a two-hundred day simple moving average of $79.34. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The company has a market cap of $1.10 billion, a P/E ratio of -117.64 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, research analysts forecast that Kura Sushi USA will post 0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently modified their holdings of KRUS. Kings Path Partners LLC lifted its position in Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after buying an additional 831 shares during the last quarter. Barclays PLC lifted its holdings in shares of Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after acquiring an additional 9,229 shares during the last quarter. State Street Corp boosted its position 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 worth $10,317,000 after purchasing an additional 1,016 shares during the period. Portolan Capital Management LLC increased its holdings in Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Kura Sushi USA during the 3rd quarter worth about $237,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile