Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Has Consensus Target Price of $63.78 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Kura Sushi USA, with four buys, five holds, one sell and one strong buy; the average 12-month price target is $63.78.
• Several firms recently lowered their price targets, including Citigroup to $36, Roth Capital to $70 and Lake Street Capital to $72, while Wall Street Zen downgraded the stock to “Sell.”
• KRUS opened at $30.86, near its 52-week low of $29.69, and has declined below its 50-day and 200-day moving averages; institutional investors own 65.49% of the company.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) has earned an average rating of "Hold" from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. One 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 12-month price objective among brokerages that have covered the stock in the last year is $63.78.

Several research analysts recently issued reports on the company. Wall Street Zen cut Kura Sushi USA from a "hold" rating to a "sell" rating in a research report on Saturday. Citigroup dropped their price objective on Kura Sushi USA from $59.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday. Freedom Capital raised shares of Kura Sushi USA to a "hold" rating in a report on Wednesday, July 1st. Roth Capital cut 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 report on Wednesday, July 8th. Finally, Lake Street Capital reduced their target price on shares of Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating for the company in a research note on Wednesday, July 8th.

Kura Sushi USA Stock Down 1.8%

NASDAQ KRUS opened at $30.86 on Tuesday. Kura Sushi USA has a 52 week low of $29.69 and a 52 week high of $80.84. The business has a 50 day moving average price of $41.40 and a 200-day moving average price of $54.33. The company has a market cap of $374.95 million, a price-to-earnings ratio of -171.43 and a beta of 1.29.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently added to or reduced their stakes in KRUS. State of Alaska Department of Revenue purchased a new stake in Kura Sushi USA in the 3rd quarter worth about $29,000. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA in the first quarter worth $205,000. Kings Path Partners LLC bought a new position in shares of Kura Sushi USA in the third quarter worth $213,000. Red Door Wealth Management LLC bought a new position in shares of Kura Sushi USA in the first quarter worth $236,000. Finally, Quantinno Capital Management LP grew its position in shares of Kura Sushi USA by 14.1% in the first quarter. Quantinno Capital Management LP now owns 7,367 shares of the company's stock valued at $514,000 after purchasing an additional 909 shares in the last quarter. 65.49% of the stock is owned by 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 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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