Benchmark Reaffirms Buy Rating for Kura Sushi USA (NASDAQ:KRUS)

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

KRUS has been the topic of several other reports. Craig Hallum increased 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. Barclays increased their target price on Kura Sushi USA from $82.00 to $95.00 and gave the stock an equal weight rating in a research note on Friday, April 5th. Citigroup boosted their price target on Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a research note on Friday, April 5th. Lake Street Capital increased their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the stock a hold rating in a research report on Friday, April 5th. Finally, William Blair reissued an outperform rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $110.75.

Kura Sushi USA Trading Down 0.2 %

KRUS opened at $88.03 on Friday. The stock’s fifty day simple moving average is $100.68 and its 200 day simple moving average is $95.56. Kura Sushi USA has a 1-year low of $51.02 and a 1-year high of $122.81. The stock has a market cap of $988.58 million, a PE ratio of 628.83 and a beta of 1.93.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The company had revenue of $57.29 million during the quarter, compared to analyst estimates of $56.65 million. Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. Equities analysts forecast that Kura Sushi USA will post 0.26 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 5,000 shares of the firm’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 transaction, the director now owns 1,313 shares in the company, valued at $144,390.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Kura Sushi USA

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank raised its position in Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC bought a new position in shares of Kura Sushi USA in the 4th quarter valued at $36,000. Headlands Technologies LLC acquired a new position in shares of Kura Sushi USA during the 1st quarter worth $46,000. Tower Research Capital LLC TRC lifted its position in shares of Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after buying an additional 746 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Kura Sushi USA in the fourth quarter valued at about $113,000. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA