Kura Sushi USA (NASDAQ:KRUS) Price Target Cut to $71.00 by Analysts at Citigroup

Kura Sushi USA (NASDAQ:KRUS) had its price target reduced by equities research analysts at Citigroup from $116.00 to $71.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 23.13% from the stock’s previous close.

KRUS has been the subject of several other reports. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Securities started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective on the stock. Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Friday, February 21st. Finally, Benchmark lowered their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Kura Sushi USA Stock Down 1.6 %

Shares of KRUS opened at $57.66 on Wednesday. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The stock has a market cap of $695.76 million, a P/E ratio of -85.33 and a beta of 1.82. The business’s 50 day moving average price is $68.56 and its 200-day moving average price is $83.05.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. On average, equities analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Activity at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in Kura Sushi USA in the 4th quarter worth approximately $31,000. Quest Partners LLC lifted its position in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kura Sushi USA during the 4th quarter valued at approximately $61,000. BNP Paribas Financial Markets bought a new position in Kura Sushi USA during the fourth quarter valued at $77,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Kura Sushi USA in the 4th quarter worth about $109,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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