Analysts Set Kura Sushi USA, Inc. (NASDAQ:KRUS) Target Price at $69.00

Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $69.00.

Several equities analysts have commented on the stock. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Lake Street Capital cut their target price on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Finally, Roth Capital dropped 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, July 8th.

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Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently modified their holdings of KRUS. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the 2nd quarter worth about $29,000. Key Financial Inc increased 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 valued at $32,000 after purchasing an additional 540 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Trading Down 5.1%

Shares of NASDAQ KRUS opened at $42.07 on Monday. The stock’s 50 day simple moving average is $48.48 and its 200 day simple moving average is $54.43. The company has a market cap of $511.15 million, a price-to-earnings ratio of -233.71 and a beta of 1.32. Kura Sushi USA has a 12-month low of $42.02 and a 12-month high of $83.21.

Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last issued its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.08. The firm had revenue of $85.92 million for the quarter, compared to the consensus estimate 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 forecast that Kura Sushi USA will post -0.06 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile

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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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