Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Rating of “Hold” from Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $69.00.

Several equities analysts have recently weighed in on KRUS shares. Lake Street Capital dropped their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Zacks Research downgraded shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a research note on Thursday, July 9th. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Roth Capital cut their price objective on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th.

Kura Sushi USA Trading Up 0.1%

KRUS stock opened at $50.19 on Thursday. Kura Sushi USA has a 1-year low of $42.62 and a 1-year high of $87.99. The business’s 50 day simple moving average is $50.39 and its 200 day simple moving average is $57.19. The firm has a market capitalization of $609.81 million, a PE ratio of -278.82 and a beta of 1.33.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The business had revenue of $85.92 million during the quarter, compared to the consensus estimate of $86.45 million. As a group, sell-side analysts predict that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

A number of large investors have recently made changes to their positions in KRUS. Stephens Inc. AR boosted its stake in Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after purchasing an additional 267,955 shares during the period. Granahan Investment Management LLC increased its position in Kura Sushi USA by 17.3% during the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after buying an additional 116,096 shares during the period. Balyasny Asset Management L.P. bought a new position in Kura Sushi USA during the 4th quarter worth $19,194,000. Ameriprise Financial Inc. lifted its holdings in shares of Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after buying an additional 51,574 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of Kura Sushi USA by 270.3% during the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after buying an additional 213,158 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.