Benchmark Has Lowered Expectations for Kura Sushi USA (NASDAQ:KRUS) Stock Price

Kura Sushi USA (NASDAQ:KRUS) had its price target cut by Benchmark from $115.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 61.97% from the stock’s current price.

KRUS has been the subject of several other reports. TD Securities began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Lake Street Capital upgraded 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 note on Friday, February 21st. Finally, TD Cowen assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.20.

Kura Sushi USA Trading Down 0.1 %

Shares of KRUS stock opened at $61.74 on Tuesday. The firm’s fifty day moving average price is $69.07 and its two-hundred day moving average price is $83.08. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The firm has a market capitalization of $744.94 million, a P/E ratio of -90.87 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Activity at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on 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. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $31,000. Quest Partners LLC boosted its stake in shares of Kura Sushi USA by 237.9% in the third 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 bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at approximately $61,000. BNP Paribas Financial Markets acquired a new stake in Kura Sushi USA during the fourth quarter worth approximately $77,000. Finally, KLP Kapitalforvaltning AS bought a new position in Kura Sushi USA during the 4th quarter worth $109,000. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA