Kura Sushi USA (NASDAQ:KRUS) Stock Gets Downgrade from Wall Street Zen

Kura Sushi USA (NASDAQ:KRUS) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

KRUS has been the subject of several other reports. Lake Street Capital decreased their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Roth Capital dropped their target price on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. DA Davidson dropped their target price on shares of Kura Sushi USA from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kura Sushi USA has a consensus rating of “Hold” and an average price target of $68.20.

Kura Sushi USA Stock Performance

KRUS opened at $31.44 on Friday. The business has a 50 day moving average price of $41.23 and a 200 day moving average price of $48.45. Kura Sushi USA has a twelve month low of $31.40 and a twelve month high of $80.84. The firm has a market cap of $382.00 million, a P/E ratio of -174.66 and a beta of 1.29.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kings Path Partners LLC acquired a new position in shares of Kura Sushi USA in the 3rd quarter valued at $213,000. State of Alaska Department of Revenue acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $29,000. Moody National Bank Trust Division increased its stake in Kura Sushi USA by 4.5% in the third quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock valued at $2,280,000 after acquiring an additional 2,400 shares during the period. Engineers Gate Manager LP bought a new stake in Kura Sushi USA in the second quarter valued at about $984,000. Finally, Corient Private Wealth LP bought a new stake in Kura Sushi USA in the second quarter valued at about $2,219,000. 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 feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.

The company’s menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.

Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.