Kura Sushi USA (NASDAQ:KRUS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on KRUS. Citigroup dropped their price objective on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Freedom Capital upgraded shares of Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. TD Cowen dropped their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Lake Street Capital cut their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.00.

Kura Sushi USA Stock Up 1.1%

NASDAQ:KRUS opened at $41.26 on Friday. The company has a market cap of $501.31 million, a P/E ratio of -229.21 and a beta of 1.32. Kura Sushi USA has a twelve month low of $40.64 and a twelve month high of $82.21. The business has a 50 day moving average price of $47.51 and a two-hundred day moving average price of $53.81.

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

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new stake in shares of Kura Sushi USA during the 2nd quarter worth about $984,000. Corient Private Wealth LP bought a new position in Kura Sushi USA in the 2nd quarter valued at about $2,219,000. California State Teachers Retirement System raised its holdings in Kura Sushi USA by 4,368.5% in the 2nd quarter. California State Teachers Retirement System now owns 403,726 shares of the company’s stock valued at $23,238,000 after acquiring an additional 394,691 shares during the period. Grandeur Peak Global Advisors LLC lifted its position in Kura Sushi USA by 127.2% during the second quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company’s stock worth $690,000 after acquiring an additional 6,712 shares during the last quarter. Finally, Ranger Investment Management L.P. acquired a new stake in Kura Sushi USA during the second quarter worth approximately $4,322,000. 65.49% of the stock is owned by 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 name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company’s menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.