Kura Sushi USA (NASDAQ:KRUS – Get Free Report) had its target price dropped by stock analysts at DA Davidson from $65.00 to $55.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 44.02% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on KRUS. TD Cowen reduced their target price on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Friday, August 7th. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. Finally, Wall Street Zen raised Kura Sushi USA from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.09.
View Our Latest Research Report on KRUS
Kura Sushi USA Trading Down 2.5%
Hedge Funds Weigh In On Kura Sushi USA
Several institutional investors and hedge funds have recently added to or reduced their stakes in KRUS. Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA during the first quarter worth $205,000. Red Door Wealth Management LLC acquired a new position in shares of Kura Sushi USA during the first quarter worth $236,000. Quantinno Capital Management LP lifted its stake in shares of Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after acquiring an additional 909 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Kura Sushi USA by 47.8% in the 1st quarter. California State Teachers Retirement System now owns 9,035 shares of the company’s stock valued at $631,000 after acquiring an additional 2,921 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its stake in shares of Kura Sushi USA by 127.2% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company’s stock valued at $690,000 after acquiring an additional 6,712 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.
About Kura Sushi USA
Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants serve sushi and other Japanese dishes on a rotating conveyor belt, allowing customers to select plates as they pass by or order items through a digital tablet.
The menu includes a variety of sushi, sashimi, hand rolls, noodle dishes, appetizers, desserts and beverages. Kura Sushi’s dining experience incorporates automated service features and the Bikkura-Pon reward system, which provides customer engagement and promotional benefits based on returned plates.
Founded in 2008 and headquartered in Irvine, California, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based revolving sushi restaurant company.
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