Analysts Set Target Price of $82.13 for Kura Sushi USA, Inc.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned a consensus rating of “Hold” by nine analysts monitoring the company. According to Marketbeat Ratings, this consensus includes one sell recommendation, four hold recommendations, and four buy recommendations. The average target price for the stock over the next year stands at approximately $82.13.

Analysts have provided various insights into Kura Sushi’s stock performance. On October 22, 2023, Sanford C. Bernstein set a target price of $67.00 for Kura Sushi shares. The same day, Barclays adjusted its target from $75.00 to $67.00 and maintained an “equal weight” rating for the stock. Earlier, on October 8, Weiss Ratings reiterated a “sell (d-)” rating on Kura Sushi shares.

In a report on November 7, TD Cowen reduced its target price from $79.00 to $59.00, also recommending a hold status for the company. Meanwhile, Benchmark adjusted its target from $102.00 to $85.00 and maintained a “buy” rating in a research note dated October 27.

Recent Stock Performance and Financials

As of October 24, 2023, Kura Sushi’s shares opened at $47.66. The company’s fifty-day moving average is $63.42, while the 200-day moving average is $72.09. Kura Sushi currently holds a market capitalization of $576.21 million and reports a price-to-earnings ratio of -297.88, indicating a challenging financial environment. The stock has seen a 52-week low of $40.03 and a high of $110.66.

Kura Sushi recently announced its earnings results for the quarter ending March 13, 2023. The company reported an earnings per share (EPS) of ($0.13), reflecting ongoing financial pressures. Kura Sushi also recorded a negative net margin of 0.67% and a modest return on equity of 0.18%. Revenue for the quarter was $29.83 million. Analysts forecast that Kura Sushi will post an EPS of 0.22 for the current fiscal year.

Investors and stakeholders are closely monitoring Kura Sushi’s market trajectory as analysts continue to provide updated ratings and price targets. The differing opinions reflect varied confidence levels in the company’s future performance within the competitive dining industry.