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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $76.9167.

Several analysts have issued reports on the company. Zacks Research downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. DA Davidson reaffirmed a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a research note on Monday, April 6th. Weiss Ratings cut Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th.

Kura Sushi USA Trading Down 4.7%

NASDAQ KRUS opened at $47.06 on Wednesday. The stock’s 50-day moving average price is $52.91 and its two-hundred day moving average price is $60.13. The company has a market cap of $571.78 million, a PE ratio of -294.13 and a beta of 1.32. Kura Sushi USA has a 1 year low of $42.62 and a 1 year high of $95.98.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Kura Sushi USA during the 2nd quarter valued at about $29,000. Key Financial Inc grew its stake in Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after acquiring an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Kura Sushi USA during the 4th quarter valued at about $36,000. Caitong International Asset Management Co. Ltd grew its stake in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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.