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

Key Points

• Analysts hold a consensus “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 price of $52.43.
• Recent analyst actions were mixed, with Roth Capital maintaining a buy rating despite cutting its target to $70, while TD Cowen lowered its target to $51 and kept a hold rating.
• Kura Sushi USA recently beat quarterly EPS expectations, reporting $0.03 versus the consensus estimate of a $0.05 loss, although revenue of $85.92 million came in slightly below expectations and profitability remained negative.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $69.00.

A number of brokerages have recently issued reports on KRUS. Roth Capital reduced their price objective on shares of Kura Sushi USA from $85.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Zacks Research lowered shares of Kura Sushi USA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 6th. TD Cowen dropped their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a "hold" rating on the stock in a research report on Wednesday, July 8th. Freedom Capital upgraded Kura Sushi USA to a "hold" rating in a research note on Wednesday, July 1st. Finally, DA Davidson set a $65.00 price objective on Kura Sushi USA in a report on Thursday, July 9th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Deutsche Bank AG increased its position in shares of Kura Sushi USA by 4.2% during the fourth quarter. Deutsche Bank AG now owns 5,401 shares of the company's stock valued at $283,000 after acquiring an additional 218 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Kura Sushi USA by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock worth $82,000 after acquiring an additional 284 shares during the period. Bank of America Corp DE boosted its stake in Kura Sushi USA by 5.4% in the third quarter. Bank of America Corp DE now owns 5,623 shares of the company's stock valued at $334,000 after acquiring an additional 287 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Kura Sushi USA in the second quarter valued at about $29,000. Finally, Key Financial Inc grew its position 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 valued at $32,000 after acquiring an additional 540 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Stock Up 6.1%

NASDAQ KRUS opened at $52.43 on Thursday. The company has a market cap of $637.02 million, a price-to-earnings ratio of -291.26 and a beta of 1.33. Kura Sushi USA has a 52 week low of $42.62 and a 52 week high of $87.99. The business has a 50 day moving average price of $49.75 and a 200-day moving average price of $57.80.

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 (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 analysts' expectations 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 anticipate that Kura Sushi USA will post -0.06 earnings per share for the current year.

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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