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

Key Points

• Kura Sushi USA's stock has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating.
• The stock currently has an average target price of $92.30, with some analysts maintaining a "buy" rating despite the downgrade.
• Kura Sushi's last quarterly earnings reported earnings per share of $0.05, exceeding consensus estimates, with revenue hitting $73.97 million.

Wall Street Zen cut shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) from a hold rating to a sell rating in a report released on Friday morning.

KRUS has been the subject of a number of other research reports. Lake Street Capital increased their target price on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Barclays increased their target price on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Roth Capital reissued a "buy" rating and set a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Finally, TD Securities reaffirmed a "hold" rating and issued a $79.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Trading Down 0.5%

Shares of NASDAQ KRUS traded down $0.39 on Friday, reaching $79.80. 228,789 shares of the company traded hands, compared to its average volume of 279,489. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $110.66. The company has a 50 day moving average of $82.50 and a 200 day moving average of $69.71. The stock has a market capitalization of $964.78 million, a PE ratio of -99.75 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 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 $73.97 million during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, research analysts expect that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Stephens Inc. AR boosted its position in shares of Kura Sushi USA by 1.5% in the 2nd quarter. Stephens Inc. AR now owns 738,890 shares of the company's stock valued at $63,604,000 after purchasing an additional 10,968 shares during the period. Granahan Investment Management LLC boosted its position in shares of Kura Sushi USA by 9.3% in the 1st quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock valued at $20,539,000 after purchasing an additional 34,114 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Kura Sushi USA in the 2nd quarter valued at $31,561,000. Vanguard Group Inc. boosted its position in shares of Kura Sushi USA by 2.3% in the 1st 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 period. Finally, Ameriprise Financial Inc. boosted its position in shares of Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company's stock valued at $29,780,000 after purchasing an additional 51,574 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA