Zacks Research Downgrades Kura Sushi USA (NASDAQ:KRUS) to Hold

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

KRUS has been the topic of a number of other research reports. DA Davidson reiterated a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research note on Monday, April 6th. Lake Street Capital reiterated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Royal Bank Of Canada set a $85.00 target price on shares of Kura Sushi USA in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Benchmark reiterated a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.00.

Kura Sushi USA Trading Up 1.2%

NASDAQ KRUS opened at $56.30 on Wednesday. The firm’s fifty day simple moving average is $61.60 and its two-hundred day simple moving average is $60.62. Kura Sushi USA has a 12-month low of $42.62 and a 12-month high of $95.98. The firm has a market capitalization of $684.05 million, a P/E ratio of -351.88 and a beta of 1.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KRUS. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the 2nd quarter worth $29,000. Key Financial Inc boosted its stake in Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Kura Sushi USA during the 4th quarter worth $36,000. Caitong International Asset Management Co. Ltd boosted its stake in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in 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. Institutional investors and hedge funds 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.