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BMO Capital Maintains Market Perform Rating for Kura Sushi USA: Here's What You Need To Know

Benzinga · 01/06/2023 12:00

BMO Capital has decided to maintain its Market Perform rating of Kura Sushi USA (NASDAQ:KRUS) and lower its price target from $70.00 to $53.00.

Shares of Kura Sushi USA are trading down 17.03% over the last 24 hours, at $40.15 per share.

A move to $53.00 would account for a 32.0% increase from the current share price.

About Kura Sushi USA

Kura Sushi USA Inc is a Japanese restaurant company. It operates revolving sushi chain restaurants in the United States. It provides access to the revolving and express conveyor belts, on-demand ordering screen, plate slot, and the Bikkura-Pon rewards machine. The company offers several dishes, including Dashi Olive Salmon, Tomago, Sweet Shrimp, Tuna, Garlic Tuna Steak, Salmon, among others. Geographically, it derives revenue from the United States of America.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.