Kura Sushi USA (NASDAQ:KRUS) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Kura Sushi USA's stock has been restated with a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook from analysts.
• Barclays has increased its target price for the stock from $71.00 to $75.00, while Citigroup raised it from $85.00 to $96.00, reflecting varied analyst sentiments.
• The company's recent quarterly earnings report showed a positive EPS of $0.05, surpassing estimates, and the stock is currently valued at approximately $57.92.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the company. Barclays upped their target price on Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Wall Street Zen raised Kura Sushi USA from a "sell" rating to a "hold" rating in a research note on Friday, September 26th. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. TD Securities reaffirmed a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, Citigroup upped their target price on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $93.78.

Kura Sushi USA Trading Down 1.7%

Kura Sushi USA stock opened at $57.92 on Wednesday. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $110.66. The stock's 50 day simple moving average is $75.77 and its two-hundred day simple moving average is $71.18. The firm has a market cap of $700.25 million, a PE ratio of -72.40 and a beta of 1.76.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The business had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. On average, equities research analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KRUS. Hood River Capital Management LLC acquired a new position in Kura Sushi USA in the 2nd quarter valued at $31,561,000. Marshall Wace LLP increased its stake in shares of Kura Sushi USA by 71.1% in the 2nd quarter. Marshall Wace LLP now owns 286,075 shares of the company's stock worth $24,625,000 after acquiring an additional 118,906 shares during the last quarter. Ophir Asset Management Pty Ltd increased its stake in shares of Kura Sushi USA by 64.9% in the 2nd quarter. Ophir Asset Management Pty Ltd now owns 223,724 shares of the company's stock worth $20,093,000 after acquiring an additional 88,043 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Kura Sushi USA by 25.4% in the 1st quarter. Voya Investment Management LLC now owns 256,449 shares of the company's stock worth $13,130,000 after acquiring an additional 51,866 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake 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 worth $29,780,000 after acquiring an additional 51,574 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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