Kura Sushi USA (NASDAQ:KRUS) Stock Price Target Lowered at TD Cowen

Kura Sushi USA (NASDAQ:KRUS) had its price objective trimmed by TD Cowen from $51.00 to $38.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on KRUS. Wall Street Zen cut Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Wednesday. Citigroup dropped their price target on Kura Sushi USA from $59.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, October 26th. DA Davidson cut their price target on Kura Sushi USA from $55.00 to $41.00 and set a “buy” rating for the company in a research note on Friday. Finally, Zacks Research upgraded shares of Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of “Hold” and a consensus price target of $60.78.

Kura Sushi USA Trading Down 26.1%

NASDAQ KRUS traded down $9.69 on Friday, reaching $27.38. The company’s stock had a trading volume of 1,020,507 shares, compared to its average volume of 209,910. Kura Sushi USA has a 52 week low of $26.32 and a 52 week high of $80.84. The firm has a market cap of $332.67 million, a PE ratio of -72.05 and a beta of 1.38. The business has a 50-day moving average price of $38.38 and a 200 day moving average price of $52.60.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.10). The business had revenue of $88.88 million during the quarter, compared to analyst estimates of $90.88 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. Analysts anticipate that Kura Sushi USA will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in Kura Sushi USA during the third quarter valued at $29,000. Integrity Alliance LLC. bought a new stake in Kura Sushi USA during the 3rd quarter valued at about $204,000. Janus Henderson Group PLC purchased a new position in Kura Sushi USA in the first quarter worth about $205,000. Kings Path Partners LLC bought a new position in shares of Kura Sushi USA in the third quarter worth approximately $213,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Kura Sushi USA by 14.1% during the first quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after buying an additional 909 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile

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.