Kura Sushi USA (NASDAQ:KRUS) Rating Increased to Hold at Wall Street Zen

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

A number of other brokerages have also issued reports on KRUS. Freedom Capital upgraded shares of Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a research note on Thursday, July 9th. Citigroup lowered their price objective on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th. Finally, Lake Street Capital dropped their target price on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kura Sushi USA presently has an average rating of “Hold” and an average target price of $69.00.

Kura Sushi USA Trading Down 0.8%

Shares of Kura Sushi USA stock opened at $40.80 on Friday. The company has a 50-day moving average of $47.81 and a two-hundred day moving average of $54.12. Kura Sushi USA has a 12-month low of $40.67 and a 12-month high of $83.10. The stock has a market cap of $495.72 million, a PE ratio of -226.65 and a beta of 1.32.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The business had revenue of $85.92 million for the quarter, compared to analysts’ expectations of $86.45 million. On average, sell-side analysts forecast that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new position in shares of Kura Sushi USA during the 2nd quarter worth about $984,000. Corient Private Wealth LP bought a new position in Kura Sushi USA during the second quarter worth about $2,219,000. California State Teachers Retirement System grew its position in shares of Kura Sushi USA by 4,368.5% in the 2nd quarter. California State Teachers Retirement System now owns 403,726 shares of the company’s stock valued at $23,238,000 after purchasing an additional 394,691 shares during the period. Grandeur Peak Global Advisors LLC increased its position in shares of Kura Sushi USA by 127.2% during the second quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company’s stock worth $690,000 after acquiring an additional 6,712 shares in the last quarter. Finally, Ranger Investment Management L.P. acquired a new stake in shares of Kura Sushi USA in the 2nd quarter valued at about $4,322,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

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.