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

Research analysts at TD Securities started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a note issued to investors on Tuesday,Benzinga reports. The brokerage set a “hold” rating and a $72.00 price target on the stock. TD Securities’ price target points to a potential upside of 11.27% from the company’s current price.

KRUS has been the topic of a number of other research reports. Craig Hallum lifted their price target 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 lifted their target price 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. TD Cowen assumed coverage on shares of Kura Sushi USA in a research report on Tuesday. They issued a “hold” rating and a $72.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, Barclays increased 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 report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Kura Sushi USA Trading Down 7.4 %

KRUS stock opened at $64.71 on Tuesday. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The firm has a 50-day moving average of $83.15 and a two-hundred day moving average of $83.92. The firm has a market capitalization of $780.79 million, a PE ratio of -95.16 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Kura Sushi USA will post 0.22 earnings per share for the current year.

Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $31,000. Quest Partners LLC lifted its position in Kura Sushi USA by 237.9% during 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 during the fourth quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA in the fourth quarter worth about $109,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile