Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) fell 7.4% during trading on Monday . The company traded as low as $52.09 and last traded at $52.01. 185,420 shares were traded during trading, a decline of 41% from the average session volume of 311,652 shares. The stock had previously closed at $56.19.
Analyst Ratings Changes
A number of research firms recently commented on KRUS. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. TD Cowen decreased their price target on Kura Sushi USA from $70.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, May 27th. Barclays increased their price target on Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Finally, Citigroup increased their price target on Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.92.
Get Our Latest Stock Analysis on Kura Sushi USA
Kura Sushi USA Stock Performance
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Kura Sushi USA in the 2nd quarter valued at $29,000. Key Financial Inc boosted its position in 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 buying an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Kura Sushi USA in the 4th quarter valued at $36,000. Caitong International Asset Management Co. Ltd boosted its position in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Kura Sushi USA by 95.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after buying an additional 646 shares during the last quarter. 65.49% of the stock is currently 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.
Further Reading
- Five stocks we like better than Kura Sushi USA
- Tomato Prices Are Spiking, and These 2 Food Stocks Could Feel the Squeeze
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
Receive News & Ratings for Kura Sushi USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kura Sushi USA and related companies with MarketBeat.com's FREE daily email newsletter.
