Kura Sushi USA (NASDAQ:KRUS) Given New $100.00 Price Target at Benchmark

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

Several other equities analysts also recently weighed in on the stock. TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target on the stock. TD Securities assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, 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 research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Kura Sushi USA Trading Down 0.1 %

KRUS stock opened at $54.36 on Tuesday. Kura Sushi USA has a 12-month low of $48.66 and a 12-month high of $122.81. The business’s 50-day moving average is $67.48 and its 200 day moving average is $82.65. The stock 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 (NASDAQ:KRUS) last issued 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%. As a group, equities analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently made changes to their positions in KRUS. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA in the 4th quarter worth approximately $31,000. Quest Partners LLC raised 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 valued at $54,000 after purchasing an additional 471 shares during the period. Quantbot Technologies LP purchased a new stake in Kura Sushi USA in the fourth quarter valued at approximately $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the fourth quarter worth $77,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA during the fourth quarter worth $109,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA