Kura Sushi USA (NASDAQ:KRUS) Raised to Hold at Wall Street Zen

Kura Sushi USA (NASDAQ:KRUS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on the company. Citigroup reduced their price objective on 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Lake Street Capital cut their target price on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Roth Capital reduced their price target on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Finally, DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.00.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $40.80 on Friday. The company’s fifty day simple moving average is $47.81 and its two-hundred day simple moving average is $54.00. Kura Sushi USA has a 52 week low of $40.67 and a 52 week high of $83.10. The stock has a market cap of $495.72 million, a P/E ratio of -226.65 and a beta of 1.32.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $86.45 million. On average, analysts anticipate that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KRUS. Stephens Inc. AR raised its stake in shares of Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after acquiring an additional 267,955 shares during the period. Granahan Investment Management LLC boosted its stake in shares of 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 purchasing an additional 116,096 shares during the period. California State Teachers Retirement System boosted its stake in shares of Kura Sushi USA by 4,368.5% during the 2nd quarter. California State Teachers Retirement System now owns 403,726 shares of the company’s stock worth $23,238,000 after purchasing an additional 394,691 shares during the period. Balyasny Asset Management L.P. bought a new position in Kura Sushi USA during the 4th quarter valued at about $19,194,000. Finally, Ameriprise Financial Inc. grew its holdings 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 purchasing an additional 51,574 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company’s menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.