Kura Sushi USA (NASDAQ:KRUS) Stock Gets Price Target Cut from Citigroup

Kura Sushi USA (NASDAQ:KRUS) had its price objective decreased by Citigroup from $36.00 to $31.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on KRUS. Zacks Research upgraded Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. DA Davidson reduced their price target on shares of Kura Sushi USA from $55.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Wednesday, November 4th. Finally, TD Cowen decreased their price objective on Kura Sushi USA from $51.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.22.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $27.49 on Monday. The stock’s fifty day moving average price is $37.35 and its two-hundred day moving average price is $51.95. Kura Sushi USA has a 1 year low of $26.32 and a 1 year high of $80.84.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.10). Kura Sushi USA had a negative return on equity of 0.85% and a negative net margin of 1.41%. The company had revenue of $88.88 million during the quarter, compared to the consensus estimate of $90.88 million. As a group, analysts forecast that Kura Sushi USA will post 0.12 EPS for the current year.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Kura Sushi USA during the third quarter valued at approximately $29,000. Integrity Alliance LLC. acquired a new stake in shares of Kura Sushi USA during the 3rd quarter worth approximately $204,000. Janus Henderson Group PLC acquired a new stake in shares of Kura Sushi USA during the 1st quarter valued at about $205,000. Kings Path Partners LLC purchased a new position in shares of Kura Sushi USA during the 3rd quarter valued at approximately $213,000. Finally, Quantinno Capital Management LP raised its position in shares of Kura Sushi USA by 14.1% during the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock worth $514,000 after purchasing an additional 909 shares during the last quarter. 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 in the United States under the Kura Revolving Sushi Bar name. Its restaurants serve sushi and other Japanese dishes, including sashimi, ramen, tempura and desserts. The company’s restaurants combine a conveyor-belt dining format with technology-enabled ordering. Guests can select dishes from a rotating belt or order through a touch-screen system, with orders delivered directly to their tables. Kura Sushi USA began operating in 2008 and opened its first restaurant in Irvine, California.