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

Kura Sushi USA (NASDAQ:KRUS) had its price objective cut by analysts at Benchmark from $115.00 to $100.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 61.97% from the company’s current price.

A number of other research firms have also recently commented on KRUS. TD Securities 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. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Cowen initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target on the stock. Finally, Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.20.

Kura Sushi USA Trading Down 0.1 %

Shares of NASDAQ:KRUS opened at $61.74 on Tuesday. The firm has a 50 day moving average of $69.07 and a 200-day moving average of $83.08. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The stock has a market capitalization of $744.94 million, a PE ratio of -90.87 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data 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 net margin of 3.08% and a negative return on equity of 0.50%. On average, research analysts predict that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s 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 transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after acquiring an additional 390,688 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Kura Sushi USA during the 4th quarter worth approximately $24,063,000. Portolan Capital Management LLC lifted its position in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after purchasing an additional 156,723 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock valued at $18,280,000 after purchasing an additional 105,316 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Kura Sushi USA by 1,334.5% during the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company’s stock worth $9,906,000 after buying an additional 101,739 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA