Kura Sushi USA’s (KRUS) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their buy rating on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note published on Friday, Benzinga reports. Roth Mkm currently has a $90.00 price target on the stock, down from their previous price target of $120.00.

A number of other brokerages also recently commented on KRUS. Craig Hallum increased their price target on Kura Sushi USA from $90.00 to $130.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Benchmark reiterated a buy rating and set a $115.00 target price on shares of Kura Sushi USA in a research note on Friday, June 21st. Lake Street Capital raised their price target on shares of Kura Sushi USA from $70.00 to $93.00 and gave the stock a hold rating in a research report on Friday, April 5th. William Blair reaffirmed an outperform rating on shares of Kura Sushi USA in a report on Friday, April 5th. Finally, Citigroup raised their price objective on shares of Kura Sushi USA from $122.00 to $124.00 and gave the stock a neutral rating in a 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. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $99.38.

Kura Sushi USA Trading Down 4.3 %

NASDAQ KRUS opened at $60.40 on Friday. The stock has a market cap of $678.35 million, a P/E ratio of 431.43 and a beta of 1.93. The company’s fifty day simple moving average is $97.72 and its 200-day simple moving average is $96.66. Kura Sushi USA has a 52 week low of $51.02 and a 52 week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The firm had revenue of $57.29 million for the quarter, compared to analysts’ expectations of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. On average, research analysts expect that Kura Sushi USA will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the sale, the director now directly owns 1,313 shares of the company’s stock, valued at $144,390.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently modified their holdings of KRUS. Comerica Bank lifted its holdings in Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Kura Sushi USA during the first quarter valued at approximately $46,000. Quest Partners LLC acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of Kura Sushi USA by 237.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after purchasing an additional 746 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its position in Kura Sushi USA by 293.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock valued at $167,000 after purchasing an additional 1,083 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile