Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $69.00.

A number of equities research analysts have weighed in on the company. Lake Street Capital reduced their price objective on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Roth Capital cut their target price on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. TD Cowen reduced their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a research note on Thursday, July 9th. Finally, 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 report on Wednesday, July 8th.

Institutional Trading of Kura Sushi USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its stake in shares of Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after purchasing an additional 267,955 shares during the last quarter. Granahan Investment Management LLC raised its stake in shares of Kura Sushi USA by 17.3% during the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after purchasing an additional 116,096 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Kura Sushi USA by 4,368.5% during the second quarter. California State Teachers Retirement System now owns 403,726 shares of the company’s stock worth $23,238,000 after purchasing an additional 394,691 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Kura Sushi USA during the fourth quarter worth $19,194,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after purchasing an additional 51,574 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

KRUS opened at $40.80 on Monday. The business’s 50-day simple moving average is $47.81 and its 200-day simple moving average is $54.00. Kura Sushi USA has a one year low of $40.67 and a one year high of $83.10. The stock has a market capitalization of $495.72 million, a P/E ratio of -226.65 and a beta of 1.32.

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

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company’s menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.