Kura Sushi USA (NASDAQ:KRUS) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a strong-buy rating to a strong sell rating in a research report released on Monday morning,Zacks reports.

Several other research firms have also recently issued reports on KRUS. TD Cowen lowered their price objective on Kura Sushi USA from $51.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Wednesday, November 4th. Wall Street Zen downgraded Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. William Blair lowered Kura Sushi USA from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, DA Davidson dropped their price target on Kura Sushi USA from $55.00 to $41.00 and set a “buy” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.22.

Kura Sushi USA Stock Down 8.4%

Shares of NASDAQ KRUS opened at $27.95 on Monday. The firm has a market cap of $339.59 million, a price-to-earnings ratio of -73.55 and a beta of 1.38. The company’s 50-day simple moving average is $37.69 and its 200-day simple moving average is $52.16. 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 released its quarterly earnings results on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company had revenue of $88.88 million for the quarter, compared to analyst estimates of $90.88 million. Kura Sushi USA had a negative return on equity of 0.85% and a negative net margin of 1.41%. Equities research analysts anticipate that Kura Sushi USA will post 0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrity Alliance LLC. purchased a new stake in Kura Sushi USA during the 3rd quarter valued at about $204,000. Kings Path Partners LLC acquired a new stake in Kura Sushi USA in the 3rd quarter valued at about $213,000. State of Alaska Department of Revenue acquired a new stake in Kura Sushi USA in the 3rd quarter valued at about $29,000. Moody National Bank Trust Division lifted its stake in Kura Sushi USA by 4.5% in the 3rd quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock worth $2,280,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Kura Sushi USA in the 2nd quarter worth approximately $984,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

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.