Kura Sushi USA (NASDAQ:KRUS) Stock Rating Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Kura Sushi USA from “hold” to “sell,” while the broader analyst consensus remains “Hold” with a $68.20 target price.
• KRUS shares opened at $31.44, near their 52-week low of $31.40 and well below the 50-day and 200-day moving averages of $41.23 and $48.62, respectively.
• Institutional investors own 65.49% of the company, with several major funds increasing their positions during the first and second quarters.

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

A number of other equities analysts have also weighed in on KRUS. DA Davidson decreased their price target on Kura Sushi USA from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, October 15th. Lake Street Capital dropped their price target on Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Freedom Capital upgraded Kura Sushi USA to a "hold" rating in a report on Wednesday, July 1st. Zacks Research raised shares of Kura Sushi USA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 23rd. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Kura Sushi USA in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of "Hold" and a consensus target price of $68.20.

Kura Sushi USA Stock Performance

Shares of NASDAQ KRUS opened at $31.44 on Friday. The stock's fifty day simple moving average is $41.23 and its 200 day simple moving average is $48.62. Kura Sushi USA has a 52-week low of $31.40 and a 52-week high of $80.84.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company's stock worth $77,276,000 after buying an additional 267,955 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kura Sushi USA by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company's stock valued at $13,110,000 after acquiring an additional 25,031 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Kura Sushi USA by 8.7% during the 1st quarter. Wasatch Advisors LP now owns 137,336 shares of the company's stock valued at $9,585,000 after acquiring an additional 10,978 shares in the last quarter. Ranger Investment Management L.P. acquired a new position in shares of Kura Sushi USA in the second quarter worth $4,322,000. Finally, Sei Investments Co. increased its stake in shares of Kura Sushi USA by 92.1% in the first quarter. Sei Investments Co. now owns 44,162 shares of the company's stock worth $3,082,000 after acquiring an additional 21,174 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.

The company's menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.

Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.

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