Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Average Rating of “Hold” by Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $76.9167.

KRUS has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Monday, April 6th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Barclays upped their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Citigroup upped their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Finally, TD Cowen decreased their target price on shares of Kura Sushi USA from $70.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday.

Kura Sushi USA Stock Down 1.9%

KRUS opened at $56.19 on Friday. The firm has a 50-day simple moving average of $58.70 and a two-hundred day simple moving average of $59.99. Kura Sushi USA has a 52 week low of $42.62 and a 52 week high of $95.98. The company has a market capitalization of $682.71 million, a PE ratio of -351.19 and a beta of 1.33.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the 2nd quarter worth about $29,000. Key Financial Inc raised its position in Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Kura Sushi USA in the 4th quarter worth about $36,000. Caitong International Asset Management Co. Ltd raised its position in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the period. 65.49% of the stock is 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.