Kura Sushi USA (NASDAQ:KRUS) Cut to Sell at Wall Street Zen

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

Several other equities analysts also recently weighed in on KRUS. Benchmark cut their target price on Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. Barclays cut their target price on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. TD Securities reissued a “hold” rating and set a $79.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Finally, Citigroup boosted their target price on Kura Sushi USA from $85.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.80.

Kura Sushi USA Price Performance

NASDAQ:KRUS opened at $54.04 on Friday. Kura Sushi USA has a 1 year low of $40.03 and a 1 year high of $110.66. The stock’s 50 day simple moving average is $68.57 and its two-hundred day simple moving average is $72.77. The company has a market cap of $653.34 million, a price-to-earnings ratio of -67.55 and a beta of 1.75.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Monday, March 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The firm had revenue of $29.83 million during the quarter. As a group, analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KRUS. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Kura Sushi USA by 34.8% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 4,375 shares of the company’s stock worth $260,000 after buying an additional 1,130 shares during the last quarter. SG Americas Securities LLC purchased a new position in Kura Sushi USA during the third quarter worth approximately $579,000. Inspire Investing LLC purchased a new position in Kura Sushi USA during the third quarter worth approximately $456,000. Voya Investment Management LLC increased its stake in Kura Sushi USA by 17.4% during the third quarter. Voya Investment Management LLC now owns 323,032 shares of the company’s stock worth $19,191,000 after acquiring an additional 47,830 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in Kura Sushi USA by 114.8% during the third quarter. Moody National Bank Trust Division now owns 46,079 shares of the company’s stock worth $2,738,000 after acquiring an additional 24,629 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile