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

Kura Sushi USA (NASDAQ:KRUSGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts have also recently weighed in on the company. Freedom Capital raised Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Citigroup dropped their price target on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Zacks Research lowered 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 target on Kura Sushi USA in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kura Sushi USA presently has an average rating of “Hold” and an average target price of $69.00.

Read Our Latest Stock Analysis on KRUS

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $48.83 on Friday. The firm has a market capitalization of $593.28 million, a PE ratio of -271.26 and a beta of 1.33. Kura Sushi USA has a 1 year low of $42.62 and a 1 year high of $87.99. The firm’s fifty day simple moving average is $49.59 and its 200 day simple moving average is $58.29.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last released its earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share 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 firm had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. As a group, analysts anticipate that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

A number of institutional investors and hedge funds have recently modified their holdings of KRUS. Stephens Inc. AR lifted its position in Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after purchasing an additional 267,955 shares during the period. Granahan Investment Management LLC boosted its stake in Kura Sushi USA by 17.3% during the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after buying an additional 116,096 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Kura Sushi USA during the fourth quarter worth $19,194,000. Ameriprise Financial Inc. increased its holdings in Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after buying an additional 51,574 shares during the period. Finally, Woodline Partners LP increased its holdings in Kura Sushi USA by 270.3% in the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after buying an additional 213,158 shares during the period. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA

(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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