Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) has been given an average rating of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $69.00.
Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Freedom Capital raised Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. DA Davidson set a $65.00 price target on Kura Sushi USA in a research note on Thursday, July 9th. Roth Capital lowered their price objective on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th.
View Our Latest Report on Kura Sushi USA
Kura Sushi USA Stock Down 0.3%
Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.08. The company had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. As a group, equities analysts anticipate that Kura Sushi USA will post -0.06 EPS for the current year.
Hedge Funds Weigh In On Kura Sushi USA
A number of institutional investors have recently modified their holdings of KRUS. Stephens Inc. AR lifted its stake in shares of 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 buying an additional 267,955 shares during the last quarter. Granahan Investment Management LLC grew its stake in Kura Sushi USA by 17.3% in the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock valued at $41,189,000 after buying an additional 116,096 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Kura Sushi USA in the 4th quarter valued at $19,194,000. Ameriprise Financial Inc. grew its stake 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 last quarter. Finally, Woodline Partners LP raised 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 worth $17,349,000 after acquiring an additional 213,158 shares during the period. Institutional investors own 65.49% of the company’s stock.
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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