Kura Sushi USA (NASDAQ:KRUS) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Kura Sushi USA (KRUS) from a "strong-buy" to a "hold," aligning with the stock's overall consensus rating of Hold (four Buy, six Hold, one Sell).
• Analysts' price targets vary—Piper Sandler $67, Citigroup $78, DA Davidson $90—giving a consensus target price of $77.00.
• KRUS shares opened at $56.30, the company has a market cap of $684 million and a 52‑week range of $42.62 to $95.98, with institutional investors owning about 65.5% of the stock.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on KRUS. Piper Sandler lifted their price target on shares of Kura Sushi USA from $59.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, January 16th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a report on Thursday, January 8th. Citigroup lifted their price target on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Wednesday, April 8th. DA Davidson reiterated a "buy" rating and issued a $90.00 price target on shares of Kura Sushi USA in a report on Monday, April 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Kura Sushi USA in a report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.00.

Kura Sushi USA Stock Up 1.2%

Shares of KRUS opened at $56.30 on Wednesday. The firm has a market cap of $684.05 million, a PE ratio of -351.88 and a beta of 1.33. The company's fifty day moving average is $61.60 and its two-hundred day moving average is $60.62. Kura Sushi USA has a fifty-two week low of $42.62 and a fifty-two week high of $95.98.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently made changes to their positions in KRUS. Raymond James Financial Inc. acquired a new position in shares of Kura Sushi USA during the 2nd quarter valued at $29,000. Key Financial Inc lifted its holdings 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Kura Sushi USA during the 4th quarter valued at $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company's stock valued at $50,000 after acquiring an additional 736 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company's stock valued at $79,000 after acquiring an additional 646 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

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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