Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Recommendation of “Hold” from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $76.9167.

KRUS has been the subject of a number of research analyst reports. Weiss Ratings downgraded Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Zacks Research downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup boosted their price target on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Finally, Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th.

Kura Sushi USA Stock Down 5.3%

Shares of KRUS opened at $44.15 on Friday. Kura Sushi USA has a 52-week low of $42.62 and a 52-week high of $95.98. The firm has a market cap of $536.42 million, a price-to-earnings ratio of -275.94 and a beta of 1.32. The business’s 50 day moving average is $58.06 and its two-hundred day moving average is $60.09.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC bought a new stake in Kura Sushi USA in the first quarter valued at $205,000. California State Teachers Retirement System lifted its stake in Kura Sushi USA by 47.8% in the first quarter. California State Teachers Retirement System now owns 9,035 shares of the company’s stock valued at $631,000 after buying an additional 2,921 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Kura Sushi USA by 14.1% in the first quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after buying an additional 909 shares during the last quarter. Sei Investments Co. lifted its stake in Kura Sushi USA by 92.1% in the first quarter. Sei Investments Co. now owns 44,162 shares of the company’s stock valued at $3,082,000 after buying an additional 21,174 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Kura Sushi USA by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company’s stock valued at $13,110,000 after buying an additional 25,031 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.