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

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. One investment 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 twelve-month price target among brokers that have issued a report on the stock in the last year is $69.00.

KRUS has been the subject of a number of research analyst reports. Lake Street Capital reduced their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a research report on Thursday, July 9th. Citigroup dropped their price objective on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. TD Cowen cut their target price on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Finally, Barclays lifted 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 note on Wednesday, April 8th.

Kura Sushi USA Trading Down 1.7%

Shares of Kura Sushi USA stock opened at $46.69 on Friday. The stock has a 50-day moving average price of $51.65 and a 200 day moving average price of $60.04. The company has a market cap of $567.28 million, a P/E ratio of -259.37 and a beta of 1.33. Kura Sushi USA has a 1 year low of $42.62 and a 1 year high of $95.98.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The firm had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. On average, equities analysts forecast that Kura Sushi USA will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Kura Sushi USA in the second quarter valued at about $29,000. Key Financial Inc increased 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Kura Sushi USA in the 4th quarter worth about $36,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 worth $50,000 after purchasing an additional 736 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

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.