Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $100.00 at Benchmark

Kura Sushi USA (NASDAQ:KRUS) had its target price lowered by investment analysts at Benchmark from $115.00 to $100.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 83.79% from the stock’s current price.

A number of other brokerages have also weighed in on KRUS. TD Cowen assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. TD Securities assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Kura Sushi USA Stock Down 7.1 %

Shares of KRUS opened at $54.41 on Tuesday. Kura Sushi USA has a twelve month low of $48.66 and a twelve month high of $122.81. The company has a market capitalization of $656.51 million, a P/E ratio of -80.01 and a beta of 1.82. The firm has a 50 day moving average of $68.01 and a 200 day moving average of $82.85.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating 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%. On average, sell-side analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KRUS. SBI Securities Co. Ltd. purchased a new stake in Kura Sushi USA in the 4th quarter worth approximately $750,000. Barclays PLC boosted its position in shares of Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after purchasing an additional 9,229 shares during the period. Rhumbline Advisers increased its stake in shares of Kura Sushi USA by 70.0% in the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after purchasing an additional 5,567 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock valued at $3,487,000 after buying an additional 20,432 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA