Kura Sushi USA (NASDAQ:KRUS) Stock Rating Reaffirmed by Benchmark

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $115.00 target price on the stock. Benchmark’s price objective would suggest a potential upside of 30.64% from the company’s previous close.

A number of other brokerages have also commented on KRUS. Craig Hallum increased their price objective on Kura Sushi USA from $90.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Barclays boosted their price target on Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Piper Sandler started coverage on Kura Sushi USA in a research report on Wednesday, April 24th. They set a “neutral” rating and a $114.00 price target on the stock. Citigroup increased their price target on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.75.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $88.03 on Friday. Kura Sushi USA has a fifty-two week low of $51.02 and a fifty-two week high of $122.81. The stock’s 50-day moving average is $100.68 and its two-hundred day moving average is $95.80. The firm has a market cap of $988.66 million, a P/E ratio of 628.79 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS) last issued 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). Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. The firm had revenue of $57.29 million during the quarter, compared to analyst estimates of $56.65 million. As a group, research analysts expect that Kura Sushi USA will post 0.26 EPS for the current year.

Insider Activity at Kura Sushi USA

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

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth approximately $370,000. Comerica Bank lifted its position in shares of Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after buying an additional 99 shares in the last quarter. Castleark Management LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth approximately $3,326,000. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth approximately $513,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Kura Sushi USA by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock worth $378,000 after buying an additional 232 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile