Brokerages Set Kura Sushi USA, Inc. (NASDAQ:KRUS) PT at $69.00

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $69.00.

Several analysts recently commented on KRUS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Friday, August 7th. Citigroup dropped their price objective on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Kura Sushi USA from a “sell” rating to a “hold” rating in a research report on Saturday. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Finally, Lake Street Capital lowered their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th.

Kura Sushi USA Trading Down 0.8%

Shares of KRUS stock opened at $40.80 on Monday. The company has a market capitalization of $495.72 million, a price-to-earnings ratio of -226.65 and a beta of 1.32. Kura Sushi USA has a 1-year low of $40.67 and a 1-year high of $83.10. The stock’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $54.12.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data 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. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The firm had revenue of $85.92 million during the quarter, compared to the consensus estimate of $86.45 million. On average, sell-side analysts predict that Kura Sushi USA will post -0.06 EPS for the current year.

Institutional Trading of Kura Sushi USA

Institutional investors have recently bought and sold shares of the company. Stephens Inc. AR raised its stake in shares of Kura Sushi USA by 31.9% during the 1st 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 stake 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 valued at $41,189,000 after buying an additional 116,096 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Kura Sushi USA by 4,368.5% in the 2nd quarter. California State Teachers Retirement System now owns 403,726 shares of the company’s stock valued at $23,238,000 after buying an additional 394,691 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at approximately $19,194,000. Finally, Ameriprise Financial Inc. increased its holdings in Kura Sushi USA by 17.5% in 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 during the last quarter. Institutional investors and hedge funds 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.