Benchmark Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $100.00

Kura Sushi USA (NASDAQ:KRUS) had its price objective cut by Benchmark from $115.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Friday, February 21st. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Cowen initiated coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target for the company. Finally, TD Securities started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Five investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $87.50.

Kura Sushi USA Stock Down 0.1 %

Shares of KRUS stock opened at $54.36 on Tuesday. The firm has a market cap of $655.91 million, a price-to-earnings ratio of -79.94 and a beta of 1.82. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The company’s 50 day moving average is $67.48 and its 200 day moving average is $82.65.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $31,000. Quest Partners LLC raised its position in shares of 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 acquiring an additional 471 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA during the 4th quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new stake in shares of Kura Sushi USA during the 4th quarter valued at about $77,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at about $109,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile