Kura Sushi USA (NASDAQ:KRUS) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen cut shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a strong sell rating in a research note issued to investors on Saturday morning.

A number of other analysts also recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday, December 29th. Sanford C. Bernstein set a $67.00 price target on Kura Sushi USA in a report on Wednesday, October 22nd. TD Cowen reduced their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Lake Street Capital reissued a “buy” rating and set a $70.00 price objective on shares of Kura Sushi USA in a research note on Thursday. Finally, Loop Capital set a $70.00 target price on Kura Sushi USA in a research note on Thursday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.11.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $69.18 on Friday. The stock has a 50 day moving average price of $52.30 and a 200 day moving average price of $67.26. Kura Sushi USA has a one year low of $40.03 and a one year high of $95.98. The stock has a market capitalization of $837.77 million, a price-to-earnings ratio of -209.64 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The business had revenue of $73.46 million for the quarter, compared to analyst estimates of $72.98 million. During the same period last year, the firm earned ($0.08) EPS. On average, analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRUS. Raymond James Financial Inc. purchased a new position in Kura Sushi USA during the second quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares during the period. Finally, CWM LLC increased its holdings in Kura Sushi USA by 1,674.4% in the 2nd quarter. CWM LLC now owns 2,218 shares of the company’s stock valued at $191,000 after purchasing an additional 2,093 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 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.