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

Key Points

• Kura Sushi USA has received an average analyst rating of "Hold", with one sell, five hold, and five buy recommendations among the 11 analysts covering the stock.
• The average 12-month price target for Kura Sushi shares is $93.78, indicating potential upside based on current trading prices.
• Institutional ownership of Kura Sushi USA is significant, with hedge funds and other investors holding 65.49% of the stock.

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have received an average rating of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $93.7778.

Several analysts have commented on the stock. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Lake Street Capital lifted their target price on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kura Sushi USA in a report on Wednesday, October 8th. Citigroup lifted their target price on shares of Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Kura Sushi USA from a "sell" rating to a "hold" rating in a report on Friday, September 26th.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 2.3% during the first quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock valued at $18,741,000 after purchasing an additional 8,201 shares during the last quarter. GAMMA Investing LLC raised its holdings in Kura Sushi USA by 30,191.7% in the 1st quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after acquiring an additional 3,623 shares during the last quarter. Trexquant Investment LP purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $573,000. Nuveen LLC purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $797,000. Finally, Blueshift Asset Management LLC purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $248,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Price Performance

Shares of KRUS opened at $63.13 on Friday. Kura Sushi USA has a one year low of $40.03 and a one year high of $110.66. The company has a 50-day simple moving average of $72.71 and a two-hundred day simple moving average of $71.39. The firm has a market capitalization of $763.24 million, a PE ratio of -78.91 and a beta of 1.76.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Monday, March 13th. The company reported ($0.13) EPS for the quarter. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The company had revenue of $29.83 million during the quarter. Analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile

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