Kura Sushi USA (NASDAQ:KRUS) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen downgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other research analysts have also weighed in on the company. Freedom Capital raised Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. Citigroup lowered their price target on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Roth Capital decreased their target price on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Finally, DA Davidson dropped their target price on shares of Kura Sushi USA from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $68.20.

Kura Sushi USA Stock Down 8.6%

NASDAQ:KRUS opened at $31.44 on Friday. The company has a market cap of $382.00 million, a P/E ratio of -174.66 and a beta of 1.29. The firm’s 50 day moving average is $41.23 and its two-hundred day moving average is $48.62. Kura Sushi USA has a fifty-two week low of $31.40 and a fifty-two week high of $80.84.

Institutional Investors Weigh In On Kura Sushi USA

A number of large investors have recently modified their holdings of the stock. Stephens Inc. AR grew its holdings in shares of Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after acquiring an additional 267,955 shares during the last quarter. Ranger Investment Management L.P. purchased a new stake in shares of Kura Sushi USA during the second quarter valued at $4,322,000. Corient Private Wealth LP purchased a new stake in shares of Kura Sushi USA during the second quarter valued at $2,219,000. Dimensional Fund Advisors LP boosted its position in shares of Kura Sushi USA by 15.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company’s stock valued at $13,110,000 after purchasing an additional 25,031 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Kura Sushi USA by 92.1% in the 1st quarter. Sei Investments Co. now owns 44,162 shares of the company’s stock valued at $3,082,000 after purchasing an additional 21,174 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA

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.