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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $69.00.

A number of analysts recently commented on KRUS shares. Citigroup dropped their price target on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Zacks Research downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Lake Street Capital reduced their price objective on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. DA Davidson set a $65.00 target price on Kura Sushi USA in a research report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $50.62 on Thursday. Kura Sushi USA has a 52-week low of $42.62 and a 52-week high of $87.99. The company has a 50-day simple moving average of $50.16 and a two-hundred day simple moving average of $57.45. The company has a market capitalization of $615.03 million, a price-to-earnings ratio of -281.21 and a beta of 1.33.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results 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 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 analysts’ expectations of $86.45 million. On average, sell-side analysts forecast that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

Large investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its position in Kura Sushi USA by 4.2% in the fourth quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after acquiring an additional 218 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after acquiring an additional 284 shares during the period. Bank of America Corp DE increased its stake in shares of Kura Sushi USA by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock worth $334,000 after purchasing an additional 287 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA during the 2nd quarter worth approximately $29,000. Finally, Key Financial Inc increased its stake in shares of Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during 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.