Kura Sushi USA (NASDAQ:KRUS) Receives “Buy” Rating from Roth Mkm

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “buy” rating reissued by Roth Mkm in a research note issued to investors on Friday, Benzinga reports. They presently have a $90.00 price target on the stock, down from their prior price target of $120.00. Roth Mkm’s target price suggests a potential upside of 44.72% from the company’s current price.

A number of other analysts have also recently commented on KRUS. Barclays lifted their target price on Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Piper Sandler started coverage on Kura Sushi USA in a report on Wednesday, April 24th. They issued a “neutral” rating and a $114.00 target price on the stock. Lake Street Capital lifted their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Citigroup boosted their price objective on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and an average target price of $107.00.

Kura Sushi USA Stock Down 24.5 %

Kura Sushi USA stock traded down $20.20 during midday trading on Friday, reaching $62.19. The company’s stock had a trading volume of 195,945 shares, compared to its average volume of 128,529. Kura Sushi USA has a fifty-two week low of $51.02 and a fifty-two week high of $122.81. The company has a market cap of $698.39 million, a P/E ratio of 444.25 and a beta of 1.93. The business has a 50-day simple moving average of $99.15 and a 200-day simple moving average of $96.30.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The business had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. As a group, equities analysts forecast that Kura Sushi USA will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently added to or reduced their stakes in the company. Trexquant Investment LP raised its holdings in shares of Kura Sushi USA by 29.5% in the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock worth $350,000 after purchasing an additional 1,208 shares during the period. Vanguard Group Inc. grew its stake in Kura Sushi USA by 0.9% during the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock worth $20,191,000 after buying an additional 2,731 shares during the period. SG Americas Securities LLC purchased a new stake in Kura Sushi USA during the fourth quarter worth approximately $113,000. Legato Capital Management LLC raised its position in shares of Kura Sushi USA by 35.2% during the 4th quarter. Legato Capital Management LLC now owns 14,584 shares of the company’s stock valued at $1,108,000 after acquiring an additional 3,796 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Kura Sushi USA by 5.0% during the fourth quarter. New York State Common Retirement Fund now owns 19,952 shares of the company’s stock worth $1,516,000 after purchasing an additional 953 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA