Kura Sushi USA (NASDAQ:KRUS) Stock Gets Price Target Cut from DA Davidson

Kura Sushi USA (NASDAQ:KRUS) had its target price trimmed by DA Davidson from $65.00 to $55.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Wall Street Zen raised Kura Sushi USA from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Lake Street Capital dropped their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. Citigroup reduced their price target on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Finally, TD Cowen decreased their price objective on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.09.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $38.11 on Thursday. Kura Sushi USA has a one year low of $33.97 and a one year high of $80.84. The stock has a market capitalization of $463.04 million, a PE ratio of -211.71 and a beta of 1.29. The business’s fifty day moving average is $42.84 and its 200 day moving average is $49.77.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently bought and sold shares of the company. Stephens Inc. AR lifted its holdings in Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after acquiring an additional 267,955 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Kura Sushi USA by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company’s stock valued at $13,110,000 after purchasing an additional 25,031 shares during the period. Wasatch Advisors LP grew its stake in shares of Kura Sushi USA by 8.7% during the 1st quarter. Wasatch Advisors LP now owns 137,336 shares of the company’s stock valued at $9,585,000 after purchasing an additional 10,978 shares during the period. Ranger Investment Management L.P. bought a new stake in shares of Kura Sushi USA during the 2nd quarter valued at about $4,322,000. Finally, Moody National Bank Trust Division increased its position in shares of Kura Sushi USA by 4.5% during the 3rd quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock valued at $2,280,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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 serve sushi and other Japanese dishes on a rotating conveyor belt, allowing customers to select plates as they pass by or order items through a digital tablet.

The menu includes a variety of sushi, sashimi, hand rolls, noodle dishes, appetizers, desserts and beverages. Kura Sushi’s dining experience incorporates automated service features and the Bikkura-Pon reward system, which provides customer engagement and promotional benefits based on returned plates.

Founded in 2008 and headquartered in Irvine, California, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based revolving sushi restaurant company.