Kura Sushi USA (NASDAQ:KRUS) Rating Reiterated by Benchmark

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

Other equities analysts have also recently issued reports about the stock. Lake Street Capital upped their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a hold rating in a research note on Friday, April 5th. Roth Mkm boosted their price target on Kura Sushi USA from $87.00 to $120.00 and gave the stock a buy rating in a research note on Friday, April 5th. Barclays raised their price objective on Kura Sushi USA from $82.00 to $95.00 and gave the company an equal weight rating in a research note on Friday, April 5th. Piper Sandler initiated coverage on Kura Sushi USA in a research report on Wednesday, April 24th. They set a neutral rating and a $114.00 target price on the stock. Finally, Craig Hallum upped their target price on Kura Sushi USA from $90.00 to $130.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $110.75.

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Kura Sushi USA Stock Performance

Shares of KRUS opened at $86.21 on Friday. The stock has a market capitalization of $968.14 million, a P/E ratio of 615.83 and a beta of 1.93. Kura Sushi USA has a 1 year low of $51.02 and a 1 year high of $122.81. The company’s fifty day moving average is $100.21 and its two-hundred day moving average is $96.22.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last posted its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $56.65 million. Sell-side analysts predict that Kura Sushi USA will post 0.26 EPS for the current year.

Insiders Place Their Bets

In related news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at $144,390.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of Kura Sushi USA in the 1st quarter worth $370,000. Comerica Bank increased its stake in Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Kura Sushi USA in the 1st quarter worth about $3,326,000. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA in the 1st quarter valued at about $513,000. Finally, Price T Rowe Associates Inc. MD grew its holdings 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 purchasing an additional 232 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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