Kura Sushi USA (NASDAQ:KRUS) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Kura Sushi USA has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, amidst a mix of analyst ratings including five "hold" and six "buy" ratings.
• The stock is currently trading down 1.0%, and has a market capitalization of $933.71 million, with a price-to-earnings ratio of -96.54.
• In its latest earnings report, Kura Sushi USA beat consensus estimates with $0.05 EPS for the quarter against an expected ($0.02), driving notable interest from institutional investors.

Wall Street Zen downgraded shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) from a hold rating to a sell rating in a research note released on Saturday.

KRUS has been the subject of a number of other reports. Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. TD Securities reissued a "hold" rating and set a $79.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Citigroup lifted their price target on shares of Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research 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 stock a "buy" rating in a report on Wednesday, July 9th. Finally, Barclays lifted their target price on shares of Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Price Performance

NASDAQ KRUS traded down $0.48 during trading hours on Friday, reaching $78.63. 311,870 shares of the company's stock traded hands, compared to its average volume of 264,929. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $110.66. The firm has a market cap of $950.64 million, a PE ratio of -98.29 and a beta of 1.80. The firm has a 50-day simple moving average of $82.04 and a 200 day simple moving average of $69.23.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The company had revenue of $73,965 billion during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KRUS. Raymond James Financial Inc. purchased a new position in shares of Kura Sushi USA during the second quarter valued at approximately $29,000. AlphaQuest LLC purchased a new position in shares of Kura Sushi USA during the first quarter valued at approximately $68,000. BNP Paribas Financial Markets purchased a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $77,000. Tower Research Capital LLC TRC raised its holdings in shares of Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock valued at $82,000 after purchasing an additional 284 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after purchasing an additional 268 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA