Kura Sushi USA (NASDAQ:KRUS) Raised to "Hold" at Wall Street Zen

Key Points

• Kura Sushi USA has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a cautious optimism among analysts.
• Investment analysts have varied opinions on the stock, with forecasts setting target prices ranging from $75.00 to $106.00 and an average consensus target price of $92.30.
• The company's recent earnings report showed a revenue of $73.965 million for the quarter, exceeding analyst estimates and indicating potential growth ahead.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.

A number of other equities analysts have also weighed in on KRUS. Barclays upped 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 research report on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. TD Securities reiterated a "hold" rating and set a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Roth Capital reiterated a "buy" rating and set a $106.00 price objective (up previously from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Finally, Citigroup increased their price objective 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. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $80.18 on Friday. The firm has a fifty day moving average price of $82.05 and a 200 day moving average price of $69.21. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $110.66. The firm has a market cap of $969.38 million, a price-to-earnings ratio of -100.23 and a beta of 1.80.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, topping 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 firm had revenue of $73,965 billion during the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Kura Sushi USA by 30,191.7% in the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock valued at $186,000 after acquiring an additional 3,623 shares during the period. Moody National Bank Trust Division raised its stake in shares of Kura Sushi USA by 21.9% in the first quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock valued at $1,439,000 after acquiring an additional 5,043 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Kura Sushi USA in the first quarter valued at $1,244,000. Blueshift Asset Management LLC purchased a new stake in shares of Kura Sushi USA in the first quarter valued at $248,000. Finally, Tudor Investment Corp ET AL raised its stake in shares of Kura Sushi USA by 387.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company's stock valued at $3,123,000 after acquiring an additional 27,408 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.