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

Stock analysts at TD Securities started coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report issued on Tuesday,Benzinga reports. The brokerage set a “hold” rating and a $72.00 price target on the stock. TD Securities’ price objective would suggest a potential upside of 9.69% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Barclays lifted their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. TD Cowen started coverage on Kura Sushi USA in a report on Tuesday. They set 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 price objective on the stock in a report on Friday, February 21st. Craig Hallum increased their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Kura Sushi USA Stock Down 1.7 %

NASDAQ KRUS opened at $65.64 on Tuesday. The company has a market cap of $792.01 million, a PE ratio of -96.53 and a beta of 1.81. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The firm’s 50-day simple moving average is $82.00 and its two-hundred day simple moving average is $83.86.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after buying an additional 9,229 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Kura Sushi USA in the 3rd quarter worth approximately $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kura Sushi USA by 33.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after buying an additional 1,644 shares in the last quarter. Fred Alger Management LLC grew its stake in Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares in the last quarter. Finally, Millrace Asset Group Inc. purchased a new position in Kura Sushi USA in the 3rd quarter worth approximately $790,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA