Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $69.00 Average Target Price from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $69.00.

Several research firms have issued reports on KRUS. TD Cowen cut their target price 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. Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Lake Street Capital cut their price objective on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Finally, Citigroup decreased their target price on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $44.17 on Friday. The firm has a 50 day simple moving average of $51.01 and a 200-day simple moving average of $59.75. The stock has a market cap of $536.67 million, a price-to-earnings ratio of -245.38 and a beta of 1.33. Kura Sushi USA has a 1-year low of $42.62 and a 1-year high of $91.29.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.08. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. The firm had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. Equities analysts expect that Kura Sushi USA will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the second quarter valued at approximately $29,000. Key Financial Inc boosted its position in shares of Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Kura Sushi USA during the fourth quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Kura Sushi USA by 681.5% in the third 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Kura Sushi USA by 95.3% in the third 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 in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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.