Kura Sushi USA (NASDAQ:KRUS) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a sell rating in a research note published on Saturday.

KRUS has been the subject of a number of other reports. 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 research report on Wednesday, July 8th. Weiss Ratings cut Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Roth Capital cut their target price on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Freedom Capital upgraded Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. Finally, Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kura Sushi USA presently has a consensus rating of “Hold” and a consensus price target of $69.00.

Kura Sushi USA Stock Up 0.6%

Shares of NASDAQ KRUS opened at $48.83 on Friday. The firm has a 50-day simple moving average of $49.59 and a 200-day simple moving average of $58.41. The stock has a market capitalization of $593.28 million, a price-to-earnings ratio of -271.26 and a beta of 1.33. Kura Sushi USA has a 52 week low of $42.62 and a 52 week high of $87.99.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. The firm had revenue of $85.92 million for the quarter, compared to the consensus estimate of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. As a group, equities research analysts expect that Kura Sushi USA will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $29,000. Key Financial Inc boosted its position in shares of Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Kura Sushi USA in the 4th quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd increased its holdings in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after purchasing an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.