TD Cowen Lowers Kura Sushi USA (NASDAQ:KRUS) Price Target to $58.00

Kura Sushi USA (NASDAQ:KRUSGet Free Report) had its price target cut by analysts at TD Cowen from $70.00 to $58.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 2.86% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. DA Davidson reiterated a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Monday, April 6th. Barclays lifted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Four research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $76.92.

View Our Latest Stock Analysis on KRUS

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $56.39 on Wednesday. The firm’s 50-day moving average is $58.79 and its 200-day moving average is $59.94. Kura Sushi USA has a 52-week low of $42.62 and a 52-week high of $95.98. The company has a market cap of $685.03 million, a price-to-earnings ratio of -352.44 and a beta of 1.33.

Institutional Trading of Kura Sushi USA

Several hedge funds have recently modified their holdings of the company. Divisadero Street Capital Management LP acquired a new position in Kura Sushi USA in the third quarter worth $34,586,000. Granahan Investment Management LLC raised its holdings in shares of Kura Sushi USA by 125.4% in the third quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after buying an additional 373,354 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Kura Sushi USA during the 4th quarter worth about $19,194,000. Stephens Inc. AR grew its holdings in Kura Sushi USA by 31.9% during the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after acquiring an additional 267,955 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in Kura Sushi USA by 270.3% during the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after acquiring an additional 213,158 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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