Kura Sushi USA (NASDAQ:KRUS – Get Free Report)‘s stock had its “hold” rating reissued by investment analysts at TD Cowen in a report released on Wednesday,Benzinga reports. They presently have a $58.00 price objective on the stock. TD Cowen’s target price indicates a potential upside of 24.44% from the company’s current price.
Several other research analysts also recently issued reports on 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 downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup boosted their price target on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. DA Davidson reaffirmed a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a report on Monday, April 6th. Finally, Lake Street Capital reiterated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA currently has a consensus rating of “Hold” and an average price target of $76.92.
Check Out Our Latest Stock Analysis on KRUS
Kura Sushi USA Price Performance
Institutional Trading of Kura Sushi USA
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the second quarter valued at approximately $29,000. Key Financial Inc raised its holdings in shares of Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after buying an additional 736 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.
About Kura Sushi USA
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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