Kura Sushi USA (NASDAQ:KRUS) Receives “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of Kura Sushi USA (NASDAQ:KRUSFree Report) in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a $90.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler assumed coverage on shares of Kura Sushi USA in a research report on Wednesday, April 24th. They issued a neutral rating and a $114.00 price objective for the company. Lake Street Capital decreased their price objective on shares of Kura Sushi USA from $93.00 to $72.00 and set a hold rating for the company in a research report on Monday, July 1st. Citigroup increased their price objective on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a neutral rating in a research report on Friday, April 5th. Roth Mkm reaffirmed a buy rating and issued a $90.00 price objective (down from $120.00) on shares of Kura Sushi USA in a research report on Friday, June 28th. Finally, William Blair reaffirmed 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $87.43.

Check Out Our Latest Research Report on Kura Sushi USA

Kura Sushi USA Stock Performance

KRUS stock opened at $49.07 on Wednesday. The firm has a market cap of $551.11 million, a price-to-earnings ratio of 350.50 and a beta of 1.87. The firm has a 50-day simple moving average of $89.60 and a two-hundred day simple moving average of $95.79. Kura Sushi USA has a one year low of $49.01 and a one year high of $122.81.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The sale was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently made changes to their positions in KRUS. Ophir Asset Management Pty Ltd acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $13,356,000. Stephens Inc. AR grew its stake in shares of Kura Sushi USA by 12.9% during the 4th quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock worth $69,428,000 after purchasing an additional 104,063 shares during the period. Rheos Capital Works Inc. acquired a new stake in shares of Kura Sushi USA during the 1st quarter worth approximately $10,940,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Kura Sushi USA in the 1st quarter valued at $5,039,000. Finally, GSA Capital Partners LLP acquired a new stake in Kura Sushi USA in the 4th quarter valued at $2,991,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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