Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been assigned an average rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $69.00.

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Kura Sushi USA from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. DA Davidson set a $65.00 price objective on Kura Sushi USA in a research report on Thursday, July 9th. Roth Capital lowered their price target on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Lake Street Capital dropped their price target on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Zacks Research raised shares of Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd.

Kura Sushi USA Price Performance

NASDAQ KRUS opened at $39.93 on Friday. Kura Sushi USA has a 12 month low of $33.97 and a 12 month high of $80.84. The company has a market capitalization of $485.15 million, a P/E ratio of -221.82 and a beta of 1.29. The company’s 50 day simple moving average is $43.95 and its 200 day simple moving average is $50.76.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The business had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. On average, analysts anticipate that Kura Sushi USA will post -0.07 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in Kura Sushi USA during the 1st quarter worth approximately $205,000. Red Door Wealth Management LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth approximately $236,000. AXQ Capital LP bought a new stake in shares of Kura Sushi USA during the 4th quarter worth about $220,000. Quantinno Capital Management LP boosted its stake in Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after purchasing an additional 909 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Kura Sushi USA by 47.8% during the 1st quarter. California State Teachers Retirement System now owns 9,035 shares of the company’s stock worth $631,000 after purchasing an additional 2,921 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants serve sushi and other Japanese dishes on a rotating conveyor belt, allowing customers to select plates as they pass by or order items through a digital tablet.

The menu includes a variety of sushi, sashimi, hand rolls, noodle dishes, appetizers, desserts and beverages. Kura Sushi’s dining experience incorporates automated service features and the Bikkura-Pon reward system, which provides customer engagement and promotional benefits based on returned plates.

Founded in 2008 and headquartered in Irvine, California, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based revolving sushi restaurant company.