Kura Sushi USA (NASDAQ:KRUS) Cut to Strong Sell at Zacks Research

Kura Sushi USA (NASDAQ:KRUS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Several other equities research analysts also recently issued reports on KRUS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a report on Wednesday, November 4th. Citigroup reduced their price objective on shares of Kura Sushi USA from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday. DA Davidson decreased their price objective on shares of Kura Sushi USA from $55.00 to $41.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Finally, William Blair lowered shares of Kura Sushi USA from an “outperform” rating to a “market perform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.22.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $27.95 on Monday. Kura Sushi USA has a 12-month low of $26.32 and a 12-month high of $80.84. The stock’s 50 day moving average price is $37.69 and its two-hundred day moving average price is $52.16.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Kura Sushi USA had a negative return on equity of 0.85% and a negative net margin of 1.41%. The business had revenue of $88.88 million for the quarter, compared to the consensus estimate of $90.88 million. Equities analysts predict that Kura Sushi USA will post 0.12 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Several institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Kura Sushi USA in the third quarter valued at about $29,000. Integrity Alliance LLC. bought a new position in Kura Sushi USA during the third quarter worth about $204,000. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA in the 1st quarter worth about $205,000. Kings Path Partners LLC acquired a new stake in Kura Sushi USA in the 3rd quarter worth about $213,000. Finally, Quantinno Capital Management LP boosted its holdings in Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after purchasing an additional 909 shares during the period. 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.