TD Cowen Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $51.00

Kura Sushi USA (NASDAQ:KRUSGet Free Report) had its target price dropped by analysts at TD Cowen from $58.00 to $51.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential downside of 3.59% from the company’s previous close.

Several other research firms have also recently issued reports on KRUS. Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Barclays lifted their price target on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. DA Davidson decreased their price objective on shares of Kura Sushi USA from $90.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA presently has an average rating of “Hold” and an average price target of $73.50.

Get Our Latest Stock Report on KRUS

Kura Sushi USA Trading Down 5.7%

KRUS stock opened at $52.90 on Wednesday. The stock has a market capitalization of $642.74 million, a price-to-earnings ratio of -330.62 and a beta of 1.33. The firm’s 50-day moving average price is $52.49 and its two-hundred day moving average price is $60.37. Kura Sushi USA has a 12-month low of $42.62 and a 12-month high of $95.98.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last posted its earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.08. The company had revenue of $85.92 million for the quarter, compared to analysts’ expectations of $86.46 million. Kura Sushi USA had a negative return on equity of 0.12% and a negative net margin of 0.63%. Equities analysts predict that Kura Sushi USA will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR raised its holdings in Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after purchasing an additional 267,955 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of Kura Sushi USA by 17.3% in 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. Divisadero Street Capital Management LP purchased a new stake in shares of Kura Sushi USA in the 3rd quarter worth about $34,586,000. Balyasny Asset Management L.P. bought a new position in shares of Kura Sushi USA in the 4th quarter worth about $19,194,000. Finally, Ameriprise Financial Inc. lifted its position in Kura Sushi USA by 17.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after acquiring an additional 51,574 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Kura Sushi USA

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About Kura Sushi USA

(Get Free Report)

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.

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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