Kura Sushi USA (NASDAQ:KRUS) Stock Price Target Cut by Citigroup

Kura Sushi USA (NASDAQ:KRUS) had its target price dropped by research analysts at Citigroup from $36.00 to $31.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup‘s price target would suggest a potential upside of 6.00% from the stock’s current price.

KRUS has been the subject of several other research reports. 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. Wall Street Zen downgraded Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. TD Cowen reduced their price target on Kura Sushi USA from $51.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday. DA Davidson decreased their price objective 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, William Blair downgraded Kura Sushi USA from an “outperform” rating to a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kura Sushi USA has a consensus rating of “Hold” and a consensus price target of $60.22.

Kura Sushi USA Trading Up 6.8%

Shares of KRUS traded up $1.86 on Monday, reaching $29.25. 343,271 shares of the company’s stock were exchanged, compared to its average volume of 306,121. The stock has a market capitalization of $355.33 million, a P/E ratio of -76.96 and a beta of 1.38. The business has a 50 day moving average price of $38.38 and a two-hundred day moving average price of $52.60. Kura Sushi USA has a 12 month low of $26.32 and a 12 month high of $80.84.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). Kura Sushi USA had a negative net margin of 1.41% and a negative return on equity of 0.86%. The business had revenue of $88.88 million during the quarter, compared to analyst estimates of $90.88 million. Equities research analysts predict that Kura Sushi USA will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently bought and sold shares of the company. Integrity Alliance LLC. bought a new stake in shares of Kura Sushi USA in the 3rd quarter valued at $204,000. Kings Path Partners LLC bought a new position in Kura Sushi USA during the third quarter worth about $213,000. State of Alaska Department of Revenue bought a new position in Kura Sushi USA during the third quarter worth about $29,000. Moody National Bank Trust Division grew its stake in Kura Sushi USA by 4.5% in the third quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock valued at $2,280,000 after acquiring an additional 2,400 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in Kura Sushi USA in the second quarter valued at about $984,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.