Kura Sushi USA (NASDAQ:KRUS) Stock Rating Lowered by Zacks Research

Kura Sushi USA (NASDAQ:KRUS) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

Other research analysts have also recently issued reports about the company. William Blair cut Kura Sushi USA from an “outperform” rating to a “market perform” rating in a research note on Friday. Citigroup dropped their price target on shares of Kura Sushi USA from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday. TD Cowen cut their price target on shares of Kura Sushi USA from $51.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, November 6th. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Finally, Stonex Financial began coverage on shares of Kura Sushi USA in a research report on Friday, November 6th. They issued a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.22.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $27.95 on Monday. The business’s fifty day moving average is $37.69 and its 200 day moving average is $52.16. The firm has a market cap of $339.59 million, a price-to-earnings ratio of -73.55 and a beta of 1.38. Kura Sushi USA has a 52-week low of $26.32 and a 52-week high of $80.84.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The firm had revenue of $88.88 million during the quarter, compared to the consensus estimate of $90.88 million. Kura Sushi USA had a negative net margin of 1.41% and a negative return on equity of 0.85%. Equities analysts predict that Kura Sushi USA will post 0.12 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Kura Sushi USA during the third quarter valued at approximately $29,000. Integrity Alliance LLC. purchased a new position in shares of Kura Sushi USA during the 3rd quarter worth $204,000. Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA during the 1st quarter valued at $205,000. Kings Path Partners LLC purchased a new stake in shares of Kura Sushi USA in the 3rd quarter worth $213,000. Finally, Quantinno Capital Management LP increased its stake in shares of Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock worth $514,000 after purchasing an additional 909 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA

Kura Sushi USA, Inc. operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations. The company’s menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.