Kura Sushi USA (NASDAQ:KRUS) Stock Lifted to "Strong-Buy" by Zacks Research

Key Points

• Zacks Research upgraded Kura Sushi USA to “strong buy” from “hold,” though the broader analyst consensus remains “hold” with an average price target of $69.
• KRUS opened at $38.91, well below its 52-week high of $80.84. The company recently reported quarterly EPS of $0.03, beating estimates of a $0.05 loss, while revenue of $85.92 million slightly missed expectations.
• Institutional investors have been active in the stock, with hedge funds and other institutions owning 65.49% of Kura Sushi USA’s shares.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, Zacks reports.

KRUS has been the subject of a number of other reports. TD Cowen lowered their price target on Kura Sushi USA from $58.00 to $51.00 and set a "hold" rating for the company in a report on Wednesday, July 8th. Lake Street Capital reduced their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, July 8th. Freedom Capital raised shares of Kura Sushi USA to a "hold" rating in a research report on Wednesday, July 1st. DA Davidson set a $65.00 target price on shares of Kura Sushi USA in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Kura Sushi USA from a "sell" rating to a "hold" rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kura Sushi USA presently has an average rating of "Hold" and a consensus target price of $69.00.

Kura Sushi USA Stock Performance

NASDAQ KRUS opened at $38.91 on Wednesday. Kura Sushi USA has a one year low of $33.97 and a one year high of $80.84. The company has a market cap of $472.76 million, a P/E ratio of -216.15 and a beta of 1.32. The business has a fifty day moving average price of $45.15 and a 200 day moving average price of $52.04.

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

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new position in shares of Kura Sushi USA in the second quarter valued at approximately $984,000. Corient Private Wealth LP acquired a new position in shares of Kura Sushi USA during the second quarter worth about $2,219,000. Grandeur Peak Global Advisors LLC grew its holdings in Kura Sushi USA by 127.2% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company's stock worth $690,000 after acquiring an additional 6,712 shares in the last quarter. Ranger Investment Management L.P. purchased a new position in shares of Kura Sushi USA in the 2nd quarter valued at about $4,322,000. Finally, Moody National Bank Trust Division lifted its stake in Kura Sushi USA by 30.1% in the second quarter. Moody National Bank Trust Division now owns 53,463 shares of the company's stock valued at $3,077,000 after buying an additional 12,366 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company's menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.

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