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

Key Points

• Analysts give Kura Sushi USA an average rating of Hold across 11 analysts (1 sell, 5 hold, 4 buy, 1 strong buy) with an average 12‑month price target of $77.00.
• Institutional investors own about 65.49% of KRUS, with recent notable stake increases from firms including Jane Street and MIRAE ASSET.
• Shares opened at $54.03 and were trading down ~3.7%; the company has a market cap of $656.5M, a negative P/E of -337.69, and a 12‑month range of $42.62–$95.98.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have earned an average recommendation of "Hold" from the eleven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $77.00.

KRUS has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Wednesday, April 8th. DA Davidson reissued a "buy" rating and issued a $90.00 target price on shares of Kura Sushi USA in a report on Monday, April 6th. Barclays boosted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 8th. Wall Street Zen raised shares of Kura Sushi USA from a "strong sell" rating to a "sell" rating in a report on Saturday, April 11th. Finally, Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently bought and sold shares of KRUS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kura Sushi USA by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company's stock valued at $204,000 after purchasing an additional 613 shares in the last quarter. Jane Street Group LLC raised its stake in Kura Sushi USA by 122.5% during the first quarter. Jane Street Group LLC now owns 18,010 shares of the company's stock valued at $922,000 after purchasing an additional 9,914 shares in the last quarter. Creative Planning purchased a new stake in Kura Sushi USA during the second quarter valued at $243,000. Legal & General Group Plc raised its stake in Kura Sushi USA by 18.7% during the second quarter. Legal & General Group Plc now owns 7,240 shares of the company's stock valued at $623,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Kura Sushi USA by 8.3% during the second quarter. Rhumbline Advisers now owns 9,670 shares of the company's stock valued at $832,000 after purchasing an additional 741 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Trading Down 3.7%

Shares of NASDAQ KRUS opened at $54.03 on Tuesday. The firm has a market capitalization of $656.46 million, a price-to-earnings ratio of -337.69 and a beta of 1.33. Kura Sushi USA has a 12-month low of $42.62 and a 12-month high of $95.98. The firm has a 50 day moving average of $62.47 and a 200 day moving average of $60.76.

About Kura Sushi USA

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.

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