Citigroup Cuts Kura Sushi USA (NASDAQ:KRUS) Price Target to $59.00

Kura Sushi USA (NASDAQ:KRUSFree Report) had its price objective cut by Citigroup from $64.00 to $59.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

KRUS has been the subject of a number of other research reports. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Barclays lifted their price objective on Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. DA Davidson decreased their target price on Kura Sushi USA from $90.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Freedom Capital raised Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.00.

View Our Latest Stock Report on KRUS

Kura Sushi USA Stock Down 0.2%

Shares of KRUS opened at $51.65 on Wednesday. Kura Sushi USA has a 12-month low of $42.62 and a 12-month high of $95.98. The stock has a market cap of $627.55 million, a PE ratio of -286.93 and a beta of 1.33. The business has a 50-day simple moving average of $52.36 and a two-hundred day simple moving average of $60.27.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last announced its quarterly earnings data 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 net margin of 0.65% and a negative return on equity of 0.18%. The company had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $86.45 million. On average, equities research analysts expect that Kura Sushi USA will post -0.06 EPS for the current year.

Institutional Trading of Kura Sushi USA

Large investors have recently modified their holdings of the company. Deutsche Bank AG increased its stake in shares of Kura Sushi USA by 4.2% in the 4th quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after purchasing an additional 218 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Kura Sushi USA by 42.5% during the second 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 during the period. Bank of America Corp DE grew its holdings in Kura Sushi USA by 5.4% during the third quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock valued at $334,000 after purchasing an additional 287 shares during the period. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the second quarter worth about $29,000. Finally, Key Financial Inc raised its stake in shares of Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares during the period. Institutional investors 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.

Further Reading

Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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