Benchmark Reaffirms Buy Rating for Kura Sushi USA (NASDAQ:KRUS)

Benchmark restated their buy rating on shares of Kura Sushi USA (NASDAQ:KRUSFree Report) in a research note released on Friday morning, Benzinga reports. They currently have a $115.00 target price on the stock.

KRUS has been the topic of a number of other research reports. Piper Sandler assumed coverage on shares of Kura Sushi USA in a report on Wednesday, April 24th. They issued a neutral rating and a $114.00 price objective on the stock. Citigroup lifted their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a report on Friday, April 5th. Craig Hallum lifted their price target on shares of Kura Sushi USA from $90.00 to $130.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Roth Mkm lifted their price target on shares of Kura Sushi USA from $87.00 to $120.00 and gave the company a buy rating in a report on Friday, April 5th. Finally, Barclays lifted their price target on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an equal weight rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA has a consensus rating of Moderate Buy and an average target price of $110.75.

View Our Latest Analysis on Kura Sushi USA

Kura Sushi USA Stock Down 0.2 %

Shares of KRUS stock opened at $88.03 on Friday. The company has a 50 day moving average price of $100.68 and a 200-day moving average price of $96.05. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81. The firm has a market capitalization of $988.58 million, a PE ratio of 628.83 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last announced its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The company had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. Analysts anticipate that Kura Sushi USA will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other Kura Sushi USA 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 in the company, valued at $144,390.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Kura Sushi USA

A number of large investors have recently made changes to their positions in the stock. Stephens Inc. AR lifted its stake in Kura Sushi USA by 12.9% in the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after acquiring an additional 104,063 shares during the period. Vanguard Group Inc. lifted its stake in Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after acquiring an additional 5,942 shares during the period. Ophir Asset Management Pty Ltd purchased a new stake in Kura Sushi USA in the fourth quarter worth about $13,356,000. Wasatch Advisors LP lifted its position in shares of Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after buying an additional 22,621 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Kura Sushi USA by 28.1% during the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after buying an additional 22,823 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

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