Kura Sushi USA (NASDAQ:KRUS – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.
KRUS has been the topic of several other reports. TD Cowen cut their target price on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a research note on Wednesday. Roth Capital reduced their price target on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings lowered Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Zacks Research cut Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, DA Davidson set a $65.00 price objective on Kura Sushi USA in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.00.
View Our Latest Analysis on KRUS
Kura Sushi USA Stock Performance
Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. On average, analysts predict that Kura Sushi USA will post -0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Kura Sushi USA
Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kura Sushi USA by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company’s stock worth $204,000 after buying an additional 613 shares during the period. Jane Street Group LLC grew its holdings in shares of Kura Sushi USA by 122.5% during the 1st quarter. Jane Street Group LLC now owns 18,010 shares of the company’s stock worth $922,000 after acquiring an additional 9,914 shares during the period. Creative Planning bought a new position in shares of Kura Sushi USA in the 2nd quarter worth approximately $243,000. Legal & General Group Plc lifted its stake in shares of Kura Sushi USA by 18.7% in the 2nd quarter. Legal & General Group Plc now owns 7,240 shares of the company’s stock valued at $623,000 after purchasing an additional 1,139 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Kura Sushi USA by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 9,670 shares of the company’s stock valued at $832,000 after purchasing an additional 741 shares during the period. 65.49% of the stock is owned by institutional investors.
Kura Sushi USA Company Profile
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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