Kura Sushi USA’s (KRUS) Buy Rating Reaffirmed at Benchmark

Benchmark reaffirmed their buy rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a report released on Friday, Benzinga reports. The firm currently has a $115.00 target price on the stock.

A number of other analysts have also recently weighed in on KRUS. Craig Hallum boosted their price target on Kura Sushi USA from $90.00 to $130.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Barclays boosted their target price on Kura Sushi USA from $82.00 to $95.00 and gave the stock an equal weight rating in a report on Friday, April 5th. Piper Sandler began coverage on Kura Sushi USA in a report on Wednesday, April 24th. They set a neutral rating and a $114.00 price target on the stock. Roth Mkm reissued a buy rating and issued a $90.00 price target (down previously from $120.00) on shares of Kura Sushi USA in a research report on Friday. Finally, Citigroup upped their price objective on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a neutral rating in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA presently has an average rating of Moderate Buy and an average price target of $99.38.

Kura Sushi USA Stock Down 4.3 %

NASDAQ KRUS opened at $60.40 on Friday. The stock has a market capitalization of $678.35 million, a PE ratio of 431.43 and a beta of 1.93. Kura Sushi USA has a 12-month low of $51.02 and a 12-month high of $122.81. The company has a 50 day moving average price of $97.72 and a two-hundred day moving average price of $96.66.

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

Insider Activity

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

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently made changes to their positions in the stock. Ophir Asset Management Pty Ltd acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $13,356,000. Stephens Inc. AR grew its holdings in shares of Kura Sushi USA by 12.9% during the 4th quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after purchasing an additional 104,063 shares in the last quarter. Rheos Capital Works Inc. bought a new stake in shares of Kura Sushi USA during the first quarter valued at approximately $10,940,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Kura Sushi USA in the first quarter valued at $5,039,000. Finally, GSA Capital Partners LLP bought a new position in Kura Sushi USA in the fourth quarter worth $2,991,000. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA