Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Recommendation of “Hold” by Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $75.75.

A number of research analysts have issued reports on KRUS shares. TD Cowen reaffirmed a “hold” rating and issued a $58.00 price target on shares of Kura Sushi USA in a report on Wednesday, June 3rd. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. DA Davidson reissued a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a report on Monday, April 6th. Finally, Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th.

Kura Sushi USA Trading Down 3.3%

NASDAQ KRUS opened at $57.56 on Wednesday. The company has a fifty day simple moving average of $52.73 and a two-hundred day simple moving average of $60.22. The stock has a market cap of $699.35 million, a P/E ratio of -359.75 and a beta of 1.32. Kura Sushi USA has a 12-month low of $42.62 and a 12-month high of $95.98.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Stephens Inc. AR raised its holdings in shares of Kura Sushi USA by 31.9% during the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after purchasing an additional 267,955 shares during the last quarter. Granahan Investment Management LLC grew its position in Kura Sushi USA by 17.3% during the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock valued at $41,189,000 after buying an additional 116,096 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Kura Sushi USA during the third quarter valued at $34,586,000. Balyasny Asset Management L.P. acquired a new stake in Kura Sushi USA during the fourth quarter valued at $19,194,000. Finally, Ameriprise Financial Inc. grew its position in Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after buying an additional 51,574 shares during the period. Hedge funds and other institutional investors 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.