Kura Sushi USA (NASDAQ:KRUS) Stock Rating Lowered by Wall Street Zen

Kura Sushi USA (NASDAQ:KRUS) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a note issued to investors on Saturday.

KRUS has been the subject of a number of other reports. TD Cowen lowered their price target on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a report on Friday, November 7th. Sanford C. Bernstein set a $67.00 target price on shares of Kura Sushi USA in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Monday, December 29th. Citigroup reiterated a “neutral” rating on shares of Kura Sushi USA in a report on Thursday. Finally, Benchmark reiterated a “buy” rating on shares of Kura Sushi USA in a research report on Thursday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Hold” and a consensus price target of $77.11.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $69.18 on Friday. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $95.98. The business has a 50 day moving average price of $52.30 and a 200 day moving average price of $67.16. The company has a market capitalization of $837.77 million, a P/E ratio of -209.64 and a beta of 1.68.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The company had revenue of $73.46 million for the quarter, compared to analysts’ expectations of $72.98 million. During the same period in the previous year, the business posted ($0.08) EPS. As a group, research analysts expect that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

A number of institutional investors have recently modified their holdings of KRUS. Raymond James Financial Inc. purchased a new position in Kura Sushi USA in the second quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Kura Sushi USA by 42.5% in 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 period. BNP Paribas Financial Markets lifted its holdings in shares of Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after acquiring an additional 646 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Kura Sushi USA by 1,674.4% during the 2nd quarter. CWM LLC now owns 2,218 shares of the company’s stock valued at $191,000 after acquiring an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

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.