Kura Sushi USA (NASDAQ:KRUS) PT Raised to $70.00 at Barclays

Kura Sushi USA (NASDAQ:KRUS) had its price target upped by analysts at Barclays from $60.00 to $70.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 24.73% from the stock’s previous close.

A number of other research firms have also weighed in on KRUS. Citigroup decreased their price target on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Piper Sandler lowered their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Roth Mkm reiterated a “buy” rating and issued a $70.00 target price (down from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Lake Street Capital reduced their price target on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Finally, Craig Hallum reduced their target price on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.63.

Kura Sushi USA Stock Performance

Shares of NASDAQ KRUS traded up $3.35 during midday trading on Tuesday, hitting $93.00. The company’s stock had a trading volume of 53,349 shares, compared to its average volume of 158,487. The firm’s fifty day moving average price is $74.29 and its 200-day moving average price is $81.34. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The firm has a market cap of $1.04 billion, a P/E ratio of -1,328.57 and a beta of 1.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Comerica Bank increased its position in shares of Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after buying an additional 99 shares during the period. Headlands Technologies LLC purchased a new position in shares of Kura Sushi USA in the 1st quarter worth about $46,000. RiverPark Advisors LLC lifted its position in shares of Kura Sushi USA by 293.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock valued at $167,000 after buying an additional 1,083 shares during the last quarter. Versor Investments LP bought a new position in Kura Sushi USA during the second quarter worth about $233,000. Finally, Red Door Wealth Management LLC bought a new position in Kura Sushi USA in the 1st quarter worth approximately $237,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA