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

Kura Sushi USA (NASDAQ:KRUS) had its target price cut by Benchmark from $115.00 to $100.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on KRUS. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. TD Securities started coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Finally, Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.20.

Kura Sushi USA Trading Down 5.2 %

Kura Sushi USA stock opened at $58.58 on Tuesday. The firm has a market cap of $706.83 million, a P/E ratio of -86.15 and a beta of 1.82. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The firm has a 50-day moving average of $68.56 and a 200-day moving average of $83.05.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping 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%. Research analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were 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 $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Kura Sushi USA

Institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI bought a new position in Kura Sushi USA during the fourth quarter valued at approximately $31,000. Quest Partners LLC lifted its holdings in shares of Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the period. Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA in the 4th quarter worth $61,000. BNP Paribas Financial Markets purchased a new position in shares of Kura Sushi USA in the 4th quarter worth $77,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Kura Sushi USA in the fourth quarter worth $109,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA