Lake Street Capital Lowers Kura Sushi USA (NASDAQ:KRUS) Price Target to $72.00

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by research analysts at Lake Street Capital from $93.00 to $72.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 17.69% from the stock’s previous close.

A number of other brokerages also recently commented on KRUS. Barclays reduced their price objective on shares of Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, June 28th. Craig Hallum dropped their target price on shares of Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, June 28th. Piper Sandler started coverage on shares of Kura Sushi USA in a report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $115.00 target price on shares of Kura Sushi USA in a report on Friday, June 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.38.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $61.18 on Monday. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81. The firm has a market cap of $687.05 million, a price-to-earnings ratio of 437.03 and a beta of 1.87. The stock’s 50-day moving average is $96.73 and its two-hundred day moving average is $96.60.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.08). Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. The business had revenue of $57.29 million for the quarter, compared to analyst estimates of $56.65 million. As a group, research analysts predict that Kura Sushi USA will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its holdings 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. Quest Partners LLC acquired a new position in shares of Kura Sushi USA during the 4th quarter valued at $36,000. Headlands Technologies LLC acquired a new position in shares of Kura Sushi USA during the 1st quarter valued at $46,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after acquiring an additional 746 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Kura Sushi USA during the 4th quarter valued at $113,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA