Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have an average “Hold” rating on Kura Sushi USA, with six holds, four buys and one sell among 11 analysts. The average 12-month price target is $69, above the stock’s reported opening price of $44.21.
• Several analysts recently lowered their price targets, including Citigroup to $59 and TD Cowen to $51; Wall Street Zen also downgraded the stock to “Sell.”
• Kura Sushi reported quarterly EPS of $0.03, beating the consensus estimate of a $0.05 loss, though revenue of $85.92 million came in slightly below expectations. Institutional investors own approximately 65.49% of the company.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have received an average recommendation of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $69.00.

A number of research analysts recently weighed in on the stock. Citigroup cut their target price on shares of Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, July 8th. TD Cowen lowered their price objective 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. Wall Street Zen cut shares of Kura Sushi USA from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Kura Sushi USA in a report on Friday, August 7th. Finally, DA Davidson set a $65.00 target price on shares of Kura Sushi USA in a research report on Thursday, July 9th.

Kura Sushi USA Stock Performance

KRUS opened at $44.21 on Monday. The stock has a market capitalization of $537.15 million, a price-to-earnings ratio of -245.60 and a beta of 1.32. The company has a fifty day moving average of $49.36 and a 200 day moving average of $54.99. Kura Sushi USA has a fifty-two week low of $42.62 and a fifty-two week high of $85.00.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Tuesday, July 7th. The company reported $0.03 EPS 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 the consensus estimate of $86.45 million. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%. On average, equities research analysts forecast that Kura Sushi USA will post -0.06 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the second quarter valued at $29,000. Key Financial Inc boosted its stake in shares of Kura Sushi USA by 720.0% during 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 period. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 736 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company's stock valued at $79,000 after purchasing an additional 646 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock worth $82,000 after purchasing an additional 284 shares during the period. 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source