Craig Hallum Increases Kura Sushi USA (NASDAQ:KRUS) Price Target to $120.00

Kura Sushi USA (NASDAQ:KRUS) had its price target boosted by stock analysts at Craig Hallum from $85.00 to $120.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective points to a potential upside of 31.91% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays increased their price objective on shares of Kura Sushi USA from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Lake Street Capital reduced their price target on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Piper Sandler increased their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday. Benchmark restated a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Finally, 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 report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $90.97 on Thursday. Kura Sushi USA has a one year low of $48.66 and a one year high of $122.81. The company’s fifty day moving average price is $83.51 and its 200-day moving average price is $80.38.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $66.01 million for the quarter, compared to analysts’ expectations of $64.13 million. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. Equities research analysts predict that Kura Sushi USA will post -0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Comerica Bank raised its position in Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares during the period. Headlands Technologies LLC purchased a new stake in Kura Sushi USA during the 1st quarter valued at $46,000. Quest Partners LLC lifted its position in 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 during the last quarter. Virtu Financial LLC purchased a new position in Kura Sushi USA during the first quarter worth $370,000. Finally, Price T Rowe Associates Inc. MD increased its position in Kura Sushi USA by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock valued at $378,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

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