Roth Mkm Reiterates Buy Rating for Kura Sushi USA (NASDAQ:KRUS)

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “buy” rating reaffirmed by stock analysts at Roth Mkm in a research report issued on Friday, Benzinga reports. They currently have a $90.00 price objective on the stock, down from their prior price objective of $120.00. Roth Mkm’s price target would suggest a potential upside of 42.65% from the company’s current price.

A number of other equities analysts also recently issued reports on KRUS. Lake Street Capital increased their price objective on shares of Kura Sushi USA from $70.00 to $93.00 and gave the company a “hold” rating in a research note on Friday, April 5th. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Barclays raised their target price on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Citigroup raised their target price on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Benchmark restated a “buy” rating and issued a $115.00 target price on shares of Kura Sushi USA in a research note on Friday, June 21st. Four 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Kura Sushi USA Stock Performance

NASDAQ KRUS opened at $63.09 on Friday. The firm’s 50 day moving average price is $97.72 and its 200-day moving average price is $96.22. Kura Sushi USA has a 52-week low of $51.02 and a 52-week high of $122.81. The company has a market cap of $708.50 million, a PE ratio of 450.68 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $57.29 million for the quarter, compared to the consensus estimate of $56.65 million. On average, analysts forecast that Kura Sushi USA will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR raised its holdings in shares of Kura Sushi USA by 12.9% in the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after buying an additional 104,063 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kura Sushi USA by 1.8% during the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after purchasing an additional 5,942 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in shares of Kura Sushi USA during the fourth quarter worth $13,356,000. Wasatch Advisors LP raised its holdings in shares of Kura Sushi USA by 25.1% during the fourth 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 last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Kura Sushi USA by 28.1% during the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock worth $11,967,000 after purchasing an additional 22,823 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA