Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Kura Sushi USA has a consensus “Hold” rating from 11 analysts: five holds, four buys, one strong buy and one sell. The average 12-month price target is $69.00.
• Institutional ownership stands at 65.49%, with several investors recently initiating or increasing positions, including Ranger Investment Management and Moody National Bank Trust Division.
• Shares opened at $41.39, well below the average analyst target and the 52-week high of $80.84. The company exceeded quarterly EPS expectations, reporting $0.03 versus the projected loss of $0.05, though revenue slightly missed estimates.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) has earned a consensus rating of "Hold" from the eleven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $69.00.

KRUS has been the subject of a number of analyst reports. Freedom Capital upgraded shares of Kura Sushi USA to a "hold" rating in a report on Wednesday, July 1st. Citigroup decreased their price target on Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, July 8th. Roth Capital lowered their price target on Kura Sushi USA from $85.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, July 8th. Wall Street Zen upgraded Kura Sushi USA from a "sell" rating to a "hold" rating in a research note on Saturday, September 12th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Kura Sushi USA in a research note on Friday, August 7th.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in shares of Kura Sushi USA during the second quarter valued at approximately $984,000. Corient Private Wealth LP purchased a new position in Kura Sushi USA in the second quarter worth $2,219,000. Grandeur Peak Global Advisors LLC grew its stake in Kura Sushi USA by 127.2% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company's stock valued at $690,000 after purchasing an additional 6,712 shares during the period. Ranger Investment Management L.P. bought a new position in Kura Sushi USA in the 2nd quarter valued at $4,322,000. Finally, Moody National Bank Trust Division grew its stake in Kura Sushi USA by 30.1% in the 2nd quarter. Moody National Bank Trust Division now owns 53,463 shares of the company's stock valued at $3,077,000 after purchasing an additional 12,366 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Trading Up 1.4%

Shares of NASDAQ KRUS opened at $41.39 on Friday. The firm's 50-day moving average price is $44.59 and its 200-day moving average price is $51.38. Kura Sushi USA has a 1-year low of $33.97 and a 1-year high of $80.84. The firm has a market capitalization of $502.89 million, a P/E ratio of -229.93 and a beta of 1.29.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results 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%. Equities research analysts forecast that Kura Sushi USA will post -0.07 EPS for the current year.

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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