Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Has Average Price Target of $63.78

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $63.78.

KRUS has been the topic of several analyst reports. Lake Street Capital dropped their target price on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Citigroup decreased their price objective on shares of Kura Sushi USA from $59.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Finally, Roth Capital cut their target price on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $34.96 on Tuesday. The company has a market capitalization of $424.76 million, a price-to-earnings ratio of -194.21 and a beta of 1.29. Kura Sushi USA has a one year low of $29.69 and a one year high of $80.84. The company’s 50-day moving average is $39.65 and its 200 day moving average is $53.56.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Kura Sushi USA during the third quarter valued at $29,000. Quantinno Capital Management LP increased its holdings in Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock worth $514,000 after buying an additional 909 shares in the last quarter. Bank of New York Mellon Corp raised its position in Kura Sushi USA by 6.7% in the 1st quarter. Bank of New York Mellon Corp now owns 15,822 shares of the company’s stock worth $1,104,000 after buying an additional 988 shares during the last quarter. SG Americas Securities LLC raised its position in Kura Sushi USA by 14.0% in the 1st quarter. SG Americas Securities LLC now owns 10,718 shares of the company’s stock worth $748,000 after buying an additional 1,313 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in Kura Sushi USA by 4.5% in the 3rd quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock worth $2,280,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.

The company’s menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.

Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.