Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $85.00 at Benchmark

Kura Sushi USA (NASDAQ:KRUS) had its target price cut by Benchmark from $102.00 to $85.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on KRUS. Roth Capital reaffirmed a “buy” rating and issued a $106.00 price target (up previously from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Lake Street Capital upped their price target on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. TD Securities reaffirmed a “hold” rating and issued a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 9th. Barclays cut their price objective on shares of Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.80.

Kura Sushi USA Trading Down 1.1%

KRUS stock opened at $63.78 on Monday. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66. The company has a market cap of $771.10 million, a P/E ratio of -79.73 and a beta of 1.76. The company’s 50-day moving average price is $70.80 and its 200 day moving average price is $72.51.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Monday, March 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The business had revenue of $29.83 million during the quarter. On average, equities research analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Kura Sushi USA during the second quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its position in Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the last quarter. AlphaQuest LLC acquired a new position in Kura Sushi USA during the first quarter worth approximately $68,000. US Bancorp DE increased its position in Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company’s stock worth $106,000 after purchasing an additional 268 shares during the last quarter. Finally, CWM LLC increased its position in Kura Sushi USA by 1,674.4% during the second quarter. CWM LLC now owns 2,218 shares of the company’s stock worth $191,000 after purchasing an additional 2,093 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile