Wall Street Zen Upgrades Kura Sushi USA (NASDAQ:KRUS) to Hold

Wall Street Zen upgraded shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Saturday morning.

Several other analysts have also recently issued reports on KRUS. Lake Street Capital upped their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Roth Capital reissued a "buy" rating and set a $106.00 target price (up previously from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. TD Securities reaffirmed a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Barclays upped their price objective 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. Finally, Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $92.30.

Kura Sushi USA Stock Down 4.8%

NASDAQ:KRUS traded down $3.62 on Friday, hitting $72.27. The stock had a trading volume of 224,398 shares, compared to its average volume of 227,867. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $110.66. The stock has a market cap of $873.77 million, a price-to-earnings ratio of -90.57 and a beta of 1.67. The business's 50-day simple moving average is $74.26 and its two-hundred day simple moving average is $69.48.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $73,965 billion for the quarter, compared to analysts' expectations of $71.82 million. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently made changes to their positions in the company. 12 West Capital Management LP increased its stake in Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock valued at $50,400,000 after buying an additional 63,000 shares during the period. Granahan Investment Management LLC grew its stake in shares of Kura Sushi USA by 9.3% during the 1st quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock worth $20,539,000 after purchasing an additional 34,114 shares during the period. Portolan Capital Management LLC grew its stake in shares of Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after purchasing an additional 156,723 shares during the period. Vanguard Group Inc. grew its stake in shares of Kura Sushi USA by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock worth $18,741,000 after purchasing an additional 8,201 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Kura Sushi USA during the 4th quarter worth $24,063,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile