Kura Sushi USA (NASDAQ:KRUS) Given “Hold” Rating at TD Cowen

Kura Sushi USA (NASDAQ:KRUS)‘s stock had its “hold” rating reaffirmed by stock analysts at TD Cowen in a note issued to investors on Wednesday,Benzinga reports. They presently have a $58.00 price target on the stock. TD Cowen’s price objective indicates a potential upside of 24.44% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Weiss Ratings downgraded Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Citigroup raised their price target on shares of Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Zacks Research cut Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Barclays raised their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.92.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $46.61 on Wednesday. The company has a market cap of $566.31 million, a price-to-earnings ratio of -291.31 and a beta of 1.32. The stock’s fifty day moving average price is $58.56 and its two-hundred day moving average price is $60.12. Kura Sushi USA has a 52-week low of $42.62 and a 52-week high of $95.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in shares of Kura Sushi USA by 60.2% in the third quarter. Royce & Associates LP now owns 82,517 shares of the company’s stock valued at $4,902,000 after acquiring an additional 31,005 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth approximately $34,586,000. Granahan Investment Management LLC grew its position in shares of Kura Sushi USA by 125.4% during the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after purchasing an additional 373,354 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Kura Sushi USA by 20.7% during the fourth quarter. Moody National Bank Trust Division now owns 55,621 shares of the company’s stock worth $2,911,000 after purchasing an additional 9,542 shares during the period. Finally, Wesbanco Bank Inc. raised its position in shares of Kura Sushi USA by 65.6% in the fourth quarter. Wesbanco Bank Inc. now owns 30,300 shares of the company’s stock valued at $1,586,000 after buying an additional 12,000 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

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.