Kura Sushi USA (NASDAQ:KRUS) Given Consensus Rating of “Buy” by Brokerages

Shares of Kura Sushi USA (NASDAQ:KRUS) have received a consensus rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.33.

A number of analysts have weighed in on KRUS shares. ValuEngine upgraded Kura Sushi USA from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. BMO Capital Markets lowered their price target on Kura Sushi USA from $30.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Stephens reiterated a “buy” rating and issued a $18.00 price target on shares of Kura Sushi USA in a research report on Tuesday, April 14th. Craig Hallum started coverage on Kura Sushi USA in a research report on Monday, April 27th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Roth Capital started coverage on Kura Sushi USA in a research report on Tuesday, June 16th. They issued a “buy” rating and a $22.00 price target on the stock.

KRUS opened at $13.87 on Wednesday. The stock has a market cap of $115.76 million and a PE ratio of 51.37. The company has a current ratio of 2.92, a quick ratio of 2.88 and a debt-to-equity ratio of 0.85. Kura Sushi USA has a 1 year low of $5.07 and a 1 year high of $28.80. The stock’s 50 day simple moving average is $15.67 and its 200-day simple moving average is $18.08.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, April 14th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $19.39 million during the quarter. Equities analysts forecast that Kura Sushi USA will post -0.95 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Kura Sushi USA by 74.7% in the fourth quarter. Bank of America Corp DE now owns 1,494 shares of the company’s stock valued at $38,000 after acquiring an additional 639 shares during the last quarter. Bank of Montreal Can bought a new position in Kura Sushi USA in the fourth quarter valued at about $56,000. UBS Group AG boosted its holdings in Kura Sushi USA by 91.8% in the fourth quarter. UBS Group AG now owns 4,161 shares of the company’s stock valued at $106,000 after acquiring an additional 1,991 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Kura Sushi USA by 71.8% in the fourth quarter. New York State Common Retirement Fund now owns 8,933 shares of the company’s stock valued at $227,000 after acquiring an additional 3,733 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Kura Sushi USA in the fourth quarter valued at about $266,000. Institutional investors own 40.56% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates revolving sushi bar restaurants in the United States. The company's restaurants offer Japanese cuisine and a revolving sushi service model. As of April 1, 2019, it operated 21 restaurants in California, Texas, Georgia, and Illinois. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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