Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Rating of “Hold” from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $82.1250.

Several research firms recently weighed in on KRUS. TD Cowen cut their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Barclays dropped their target price on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Benchmark reduced their price target on Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Wall Street Zen upgraded shares of Kura Sushi USA from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Monday.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently modified their holdings of the business. Trexquant Investment LP bought a new position in Kura Sushi USA during the 1st quarter worth $573,000. Nuveen LLC bought a new stake in shares of Kura Sushi USA in the 1st quarter valued at about $797,000. Moody National Bank Trust Division increased its stake in shares of Kura Sushi USA by 114.8% in the third quarter. Moody National Bank Trust Division now owns 46,079 shares of the company’s stock valued at $2,738,000 after buying an additional 24,629 shares during the period. Voya Investment Management LLC increased its stake in shares of Kura Sushi USA by 17.4% in the third quarter. Voya Investment Management LLC now owns 323,032 shares of the company’s stock valued at $19,191,000 after buying an additional 47,830 shares during the period. Finally, Maverick Capital Ltd. bought a new position in shares of Kura Sushi USA during the second quarter worth about $2,347,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

KRUS stock opened at $51.44 on Wednesday. The company has a 50 day simple moving average of $52.79 and a 200 day simple moving average of $68.35. The stock has a market cap of $622.94 million, a price-to-earnings ratio of -321.50 and a beta of 1.71. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $106.60.

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

About Kura Sushi USA

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.