Kura Sushi USA (NASDAQ:KRUS) Upgraded to “Hold” at Freedom Capital

Kura Sushi USA (NASDAQ:KRUS) was upgraded by Freedom Capital to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Citigroup reduced their price target on Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, June 25th. Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th. Weiss Ratings downgraded Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, DA Davidson reduced their target price on Kura Sushi USA from $90.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.08.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $57.61 on Wednesday. The company’s fifty day simple moving average is $52.63 and its two-hundred day simple moving average is $60.30. Kura Sushi USA has a 1 year low of $42.62 and a 1 year high of $95.98. The stock has a market capitalization of $699.96 million, a price-to-earnings ratio of -360.06 and a beta of 1.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Kura Sushi USA in the second quarter worth $29,000. Key Financial Inc raised its position in shares of Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Kura Sushi USA during the fourth quarter valued at $36,000. Caitong International Asset Management Co. Ltd boosted its stake in Kura Sushi USA by 681.5% during 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 period. Finally, BNP Paribas Financial Markets grew its position in 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 buying an additional 646 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese?style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate?return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef?inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.