Freedom Capital Upgrades Kura Sushi USA (NASDAQ:KRUS) to Hold

Kura Sushi USA (NASDAQ:KRUS) was upgraded by stock analysts at Freedom Capital to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Barclays boosted their price objective on Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Lake Street Capital reaffirmed a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Wall Street Zen upgraded Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. TD Cowen reissued a “hold” rating and issued a $58.00 price target on shares of Kura Sushi USA in a report on Wednesday, June 3rd. Finally, DA Davidson reduced their price target on shares of Kura Sushi USA from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.08.

Kura Sushi USA Stock Down 0.7%

Shares of NASDAQ KRUS opened at $57.61 on Wednesday. Kura Sushi USA has a twelve month low of $42.62 and a twelve month high of $95.98. The stock’s 50 day moving average price is $52.63 and its 200-day moving average price is $60.30. The company has a market capitalization of $699.96 million, a PE ratio of -360.06 and a beta of 1.33.

Institutional Trading of Kura Sushi USA

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the 2nd quarter worth about $29,000. Key Financial Inc lifted its holdings in Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Kura Sushi USA during the fourth quarter valued at about $36,000. Caitong International Asset Management Co. Ltd boosted its position in Kura Sushi USA by 681.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

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.