Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Has Consensus Target Price of $63.78 According to Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $63.78.

Several research firms have issued reports on KRUS. Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. TD Cowen cut their price objective on 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. 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. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Friday, August 7th. Finally, Citigroup cut their target price on Kura Sushi USA from $59.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Kura Sushi USA during the third quarter valued at approximately $29,000. Janus Henderson Group PLC acquired a new position in Kura Sushi USA in the 1st quarter worth approximately $205,000. Kings Path Partners LLC acquired a new position in Kura Sushi USA in the 3rd quarter worth approximately $213,000. Red Door Wealth Management LLC acquired a new position in Kura Sushi USA in the 1st quarter worth approximately $236,000. Finally, Quantinno Capital Management LP grew its position in Kura Sushi USA by 14.1% during the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock worth $514,000 after purchasing an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Up 6.6%

NASDAQ KRUS opened at $34.93 on Tuesday. Kura Sushi USA has a 12 month low of $29.69 and a 12 month high of $80.84. The company’s 50 day simple moving average is $39.93 and its 200 day simple moving average is $53.74.

About Kura Sushi USA

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.

The company’s menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.

Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.