Kura Sushi USA (NASDAQ:KRUS) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Kura Sushi USA from “sell” to “hold,” bringing the overall analyst consensus to “hold.” The consensus price target is $69, with four “buy,” six “hold,” and one “sell” rating.
• KRUS opened at $40.80, near its 52-week low of $40.67 and below its 50-day and 200-day moving averages. Recent analyst price targets were also reduced, including targets of $51 from TD Cowen and $59 from Citigroup.
• Kura Sushi USA reported quarterly earnings of $0.03 per share, beating the expected loss of $0.05, though revenue of $85.92 million came in slightly below estimates. Institutional investors own approximately 65.49% of the company’s stock.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently commented on KRUS. Freedom Capital upgraded Kura Sushi USA to a "hold" rating in a research note on Wednesday, July 1st. Lake Street Capital cut their target price on Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. TD Cowen reduced their target price on Kura Sushi USA from $58.00 to $51.00 and set a "hold" rating for the company in a research note on Wednesday, July 8th. Citigroup dropped their price target on shares of Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, July 8th. Finally, Roth Capital reduced their price objective on shares of Kura Sushi USA from $85.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $69.00.

Kura Sushi USA Trading Down 0.8%

NASDAQ KRUS opened at $40.80 on Friday. The stock has a market cap of $495.72 million, a P/E ratio of -226.65 and a beta of 1.32. The company's fifty day simple moving average is $47.81 and its 200-day simple moving average is $54.12. Kura Sushi USA has a 52 week low of $40.67 and a 52 week high of $83.10.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. The business had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. On average, research analysts expect that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently added to or reduced their stakes in KRUS. Stephens Inc. AR increased its stake in Kura Sushi USA by 31.9% during the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company's stock valued at $77,276,000 after purchasing an additional 267,955 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Kura Sushi USA by 17.3% in the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company's stock worth $41,189,000 after buying an additional 116,096 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Kura Sushi USA by 4,368.5% in the 2nd quarter. California State Teachers Retirement System now owns 403,726 shares of the company's stock worth $23,238,000 after buying an additional 394,691 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Kura Sushi USA in the 4th quarter worth about $19,194,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company's stock valued at $29,780,000 after buying an additional 51,574 shares during the period. 65.49% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.