Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Has Consensus Price Target of $69.00 According to Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $69.00.

Several brokerages have recently issued reports on KRUS. TD Cowen lowered their price objective on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Roth Capital reduced their target price on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Zacks Research upgraded shares of Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, DA Davidson set a $65.00 price target on Kura Sushi USA in a report on Thursday, July 9th.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC purchased a new stake in shares of Kura Sushi USA during the first quarter valued at $205,000. AXQ Capital LP purchased a new position in Kura Sushi USA in the 4th quarter worth about $220,000. Red Door Wealth Management LLC acquired a new stake in Kura Sushi USA during the 1st quarter worth about $236,000. Quantinno Capital Management LP raised its holdings 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 buying an additional 909 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Kura Sushi USA by 47.8% during the first quarter. California State Teachers Retirement System now owns 9,035 shares of the company’s stock valued at $631,000 after buying an additional 2,921 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Stock Down 0.8%

NASDAQ:KRUS opened at $40.06 on Friday. The business’s 50-day moving average price is $44.24 and its 200 day moving average price is $51.01. The firm has a market cap of $486.73 million, a P/E ratio of -222.54 and a beta of 1.29. Kura Sushi USA has a 52-week low of $33.97 and a 52-week high of $80.84.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. The company had revenue of $85.92 million during the quarter, compared to the consensus estimate of $86.45 million. Sell-side analysts expect that Kura Sushi USA will post -0.07 EPS for the current year.

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 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.