Kura Sushi USA (NASDAQ:KRUS) Receives Buy Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a report issued on Friday morning, Benzinga reports. Roth Mkm currently has a $90.00 target price on the stock, down from their previous target price of $120.00.

KRUS has been the topic of a number of other research reports. Craig Hallum lifted 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. Lake Street Capital lifted their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the company a hold rating in a report on Friday, April 5th. Citigroup lifted their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a report on Friday, April 5th. William Blair reaffirmed an outperform rating on shares of Kura Sushi USA in a report on Friday, April 5th. Finally, Piper Sandler started coverage on Kura Sushi USA in a research note on Wednesday, April 24th. They set a neutral rating and a $114.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of Moderate Buy and an average target price of $102.00.

Kura Sushi USA Stock Down 23.4 %

NASDAQ KRUS opened at $63.09 on Friday. Kura Sushi USA has a 52-week low of $51.02 and a 52-week high of $122.81. The business’s 50-day moving average price is $97.72 and its 200 day moving average price is $96.22. The firm has a market cap of $708.50 million, a P/E ratio of 450.68 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. As a group, analysts anticipate that Kura Sushi USA will post 0.24 earnings per share 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 stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $144,390.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Comerica Bank raised its holdings in Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after acquiring an additional 99 shares during the last quarter. Quest Partners LLC acquired a new position in Kura Sushi USA in the 4th quarter valued at $36,000. Headlands Technologies LLC acquired a new position in Kura Sushi USA in the 1st quarter valued at $46,000. Tower Research Capital LLC TRC raised its holdings in Kura Sushi USA by 237.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after acquiring an additional 746 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Kura Sushi USA during the 4th quarter valued at $113,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA