Kura Sushi USA (NASDAQ:KRUS) Upgraded 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, indicating a shift in analyst sentiment.
• Analysts have varied price targets for Kura Sushi USA, with Lake Street Capital setting it at $98.00 and Citigroup adjusting it to $96.00, while the consensus target price stands at $93.78.
• Kura Sushi USA reported a positive earnings surprise for the recent quarter, with an earnings per share of $0.05, exceeding the consensus estimate of ($0.02).

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other equities research analysts also recently issued reports on KRUS. Lake Street Capital increased their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays increased 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. Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. TD Securities reissued a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, Citigroup raised their price target 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 equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.78.

Kura Sushi USA Price Performance

Kura Sushi USA stock traded down $0.26 during mid-day trading on Friday, hitting $61.99. The company's stock had a trading volume of 269,074 shares, compared to its average volume of 254,224. The firm's 50 day moving average is $80.48 and its 200 day moving average is $70.81. The company has a market cap of $749.46 million, a PE ratio of -77.49 and a beta of 1.79. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. The firm had revenue of $73.97 million during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Kura Sushi USA during the 2nd quarter valued at about $29,000. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA during the 4th quarter valued at about $77,000. Tower Research Capital LLC TRC increased its holdings in shares of Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock valued at $82,000 after acquiring an additional 284 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Kura Sushi USA during the 1st quarter valued at about $68,000. Finally, US Bancorp DE increased its holdings in shares of Kura Sushi USA by 14.8% during the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

About Kura Sushi USA

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