Kura Sushi USA (NASDAQ:KRUS) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Kura Sushi USA Inc. operates as a restaurant. The Company offers nigiri, roll, hand roll, gunkan and desserts. Kura Sushi USA Inc. is based in Irvine, United States. “

Other research analysts have also recently issued research reports about the stock. Craig Hallum increased their target price on shares of Kura Sushi USA from $40.00 to $48.00 and gave the stock a buy rating in a report on Wednesday, July 14th. Roth Capital increased their target price on shares of Kura Sushi USA from $38.00 to $46.00 and gave the stock a buy rating in a report on Wednesday, July 14th. William Blair started coverage on shares of Kura Sushi USA in a report on Monday, August 2nd. They set an outperform rating for the company. BTIG Research increased their target price on shares of Kura Sushi USA from $40.00 to $50.00 and gave the stock a buy rating in a report on Wednesday, July 14th. Finally, Stephens increased their target price on shares of Kura Sushi USA from $42.00 to $62.00 and gave the stock an overweight rating in a report on Wednesday, July 21st. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $50.83.

Kura Sushi USA stock opened at $43.72 on Tuesday. The stock has a market capitalization of $416.65 million, a PE ratio of -22.42 and a beta of 2.20. Kura Sushi USA has a twelve month low of $12.30 and a twelve month high of $56.98. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $47.17 and a 200-day moving average of $39.57.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Monday, July 12th. The company reported ($0.54) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.04. The company had revenue of $18.47 million during the quarter, compared to analysts’ expectations of $14.80 million. Kura Sushi USA had a negative net margin of 38.38% and a negative return on equity of 59.81%. Equities analysts anticipate that Kura Sushi USA will post -2.32 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Kura Sushi USA by 1,464.1% in the first quarter. JPMorgan Chase & Co. now owns 36,130 shares of the company’s stock valued at $1,143,000 after purchasing an additional 33,820 shares during the period. Geode Capital Management LLC raised its position in shares of Kura Sushi USA by 5.9% in the first quarter. Geode Capital Management LLC now owns 58,443 shares of the company’s stock valued at $1,849,000 after purchasing an additional 3,252 shares during the period. US Bancorp DE bought a new position in shares of Kura Sushi USA in the first quarter valued at about $32,000. BlackRock Inc. raised its position in shares of Kura Sushi USA by 7.9% in the first quarter. BlackRock Inc. now owns 187,202 shares of the company’s stock valued at $5,923,000 after purchasing an additional 13,762 shares during the period. Finally, Essex Investment Management Co. LLC bought a new position in shares of Kura Sushi USA in the first quarter valued at about $1,519,000. 24.05% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA

Kura Sushi USA, Inc engages in the operation of Japanese restaurant concept. It provides authentic Japanese cuisine and sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.

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