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

Kura Sushi USA (NASDAQ:KRUS - Free Report) had its price target trimmed by Benchmark from $115.00 to $100.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

KRUS has been the subject of several other reports. TD Cowen assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. TD Securities began 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. Lake Street Capital upgraded shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 target price on the stock in a report on Friday, February 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.50.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded down $2.76 on Tuesday, reaching $51.60. The company had a trading volume of 231,712 shares, compared to its average volume of 189,014. The firm's 50 day moving average price is $67.04 and its two-hundred day moving average price is $82.58. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $121.99. The firm has a market cap of $622.61 million, a PE ratio of -75.88 and a beta of 1.82.

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Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced 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, sell-side analysts predict that Kura Sushi USA will post 0.22 EPS for the current year.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the business'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 in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently bought and sold shares of KRUS. FMR LLC grew its holdings in shares of Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock worth $100,407,000 after purchasing an additional 390,688 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Kura Sushi USA in the 4th quarter valued at about $24,063,000. Portolan Capital Management LLC grew its stake in Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after buying an additional 156,723 shares during the last quarter. Hood River Capital Management LLC increased its position in Kura Sushi USA by 109.1% during the fourth quarter. Hood River Capital Management LLC now owns 201,806 shares of the company's stock worth $18,280,000 after buying an additional 105,316 shares during the period. Finally, Millennium Management LLC lifted its stake in Kura Sushi USA by 1,334.5% in the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company's stock valued at $9,906,000 after buying an additional 101,739 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile