Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) have received an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $69.00.
KRUS has been the subject of several recent research reports. Citigroup cut their price target on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Weiss Ratings cut Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. TD Cowen cut their price objective on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Roth Capital reduced their target price on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Freedom Capital upgraded shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st.
Check Out Our Latest Analysis on Kura Sushi USA
Kura Sushi USA Price Performance
Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The firm had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. As a group, research analysts anticipate that Kura Sushi USA will post -0.06 EPS for the current year.
Institutional Trading of Kura Sushi USA
A number of hedge funds and other institutional investors have recently modified their holdings of KRUS. Balyasny Asset Management L.P. purchased a new position in shares of Kura Sushi USA during the 4th quarter valued at $19,194,000. Stephens Inc. AR lifted its position 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 valued at $77,276,000 after acquiring an additional 267,955 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Kura Sushi USA by 270.3% in the third 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. Millennium Management LLC grew its position in shares of Kura Sushi USA by 1,404.2% during the fourth quarter. Millennium Management LLC now owns 168,820 shares of the company’s stock worth $8,834,000 after purchasing an additional 157,597 shares in the last quarter. Finally, Pillsbury Lake Capital LLC purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth about $8,037,000. 65.49% of the stock is owned by hedge funds and other 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.
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