Stock analysts at Stephens assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a research note issued to investors on Thursday, The Fly reports. The firm set an “overweight” rating and a $30.00 price target on the stock. Stephens’ target price indicates a potential upside of 35.62% from the company’s previous close.
Several other research firms also recently weighed in on KRUS. CLSA downgraded shares of Kura Sushi USA from an “outperform” rating to an “underperform” rating in a research report on Thursday, December 12th. Maxim Group reissued a “buy” rating and issued a $36.00 target price on shares of Kura Sushi USA in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $31.50.
KRUS opened at $22.12 on Thursday. The business has a 50-day moving average of $24.43. Kura Sushi USA has a 1-year low of $14.75 and a 1-year high of $28.80. The company has a quick ratio of 3.32, a current ratio of 3.36 and a debt-to-equity ratio of 0.71.
Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $103,000. Boston Partners bought a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $256,000. Calamos Advisors LLC bought a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $1,271,000. Russell Investments Group Ltd. bought a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $2,178,000. Finally, Pacifica Capital Investments LLC bought a new stake in shares of Kura Sushi USA during the 4th quarter valued at about $1,848,000. 35.56% of the stock is owned by institutional investors and hedge funds.
About Kura Sushi USA
Kura Sushi USA, Inc operates revolving sushi bar restaurants in the United States. The company's restaurants offer Japanese cuisine and a revolving sushi service model. As of April 1, 2019, it operated 21 restaurants in California, Texas, Georgia, and Illinois. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.
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