Kura Sushi USA (NASDAQ:KRUS) Receives “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note issued to investors on Friday morning, Benzinga reports. Benchmark currently has a $115.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Lake Street Capital raised their target price on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a hold 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. William Blair reaffirmed an outperform rating on shares of Kura Sushi USA in a report on Friday, April 5th. Roth Mkm reaffirmed a buy rating and set a $90.00 price target (down from $120.00) on shares of Kura Sushi USA in a report on Friday. 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 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, the company currently has an average rating of Moderate Buy and a consensus price target of $102.00.

Kura Sushi USA Stock Down 23.4 %

KRUS stock opened at $63.09 on Friday. Kura Sushi USA has a 12 month low of $51.02 and a 12 month high of $122.81. The firm has a market cap of $708.50 million, a P/E ratio of 450.68 and a beta of 1.93. The company’s 50-day moving average price is $97.72 and its two-hundred day moving average price is $96.22.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.65 million. Equities analysts predict that Kura Sushi USA will post 0.24 EPS for the current year.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction that occurred 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 sale, the director now directly owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $2,991,000. Wasatch Advisors LP lifted its position in shares of Kura Sushi USA by 25.1% in the 4th quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock worth $8,581,000 after purchasing an additional 22,621 shares during the period. Rheos Capital Works Inc. acquired a new position in shares of Kura Sushi USA in the 1st quarter worth approximately $10,940,000. Vanguard Group Inc. lifted its position in shares of Kura Sushi USA by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock worth $20,191,000 after purchasing an additional 2,731 shares during the period. Finally, Millrace Asset Group Inc. acquired a new position in shares of Kura Sushi USA in the 4th quarter worth approximately $1,499,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA