Kura Sushi USA (NASDAQ:KRUS) Raised to Hold at Wall Street Zen

Kura Sushi USA (NASDAQ:KRUS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Sanford C. Bernstein set a $67.00 price objective on Kura Sushi USA in a research note on Wednesday, October 22nd. Benchmark decreased their price target on shares of Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, October 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Monday, December 1st. TD Cowen dropped their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Barclays reduced their price objective on shares of Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.13.

Kura Sushi USA Stock Down 1.8%

NASDAQ:KRUS opened at $53.94 on Friday. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66. The company has a fifty day simple moving average of $54.98 and a two-hundred day simple moving average of $70.50. The company has a market cap of $653.21 million, a price-to-earnings ratio of -337.13 and a beta of 1.71.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Monday, March 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Kura Sushi USA had a negative net margin of 0.67% and a positive return on equity of 0.18%. The company had revenue of $29.83 million during the quarter. On average, analysts expect that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Trading of Kura Sushi USA

A number of hedge funds and other institutional investors have recently made changes to their positions in KRUS. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA in the 2nd quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Kura Sushi USA by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after acquiring an additional 284 shares during the period. AlphaQuest LLC acquired a new stake in shares of Kura Sushi USA in the first quarter valued at approximately $68,000. Finally, BNP Paribas Financial Markets grew its position in shares of Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile