Zacks Research Upgrades Kura Sushi USA (NASDAQ:KRUS) to Strong-Buy

Kura Sushi USA (NASDAQ:KRUS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

A number of other equities research analysts have also commented on KRUS. Lake Street Capital lowered their price target 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. Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. DA Davidson set a $65.00 target price on Kura Sushi USA in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Finally, Citigroup decreased their price target on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Hold” and an average target price of $69.00.

Kura Sushi USA Trading Up 4.6%

Shares of Kura Sushi USA stock opened at $38.91 on Wednesday. The business has a 50-day moving average price of $45.15 and a two-hundred day moving average price of $52.04. Kura Sushi USA has a 1-year low of $33.97 and a 1-year high of $80.84. The company has a market cap of $472.76 million, a P/E ratio of -216.15 and a beta of 1.32.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. The business had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. Equities research analysts forecast that Kura Sushi USA will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

Large investors have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new stake in Kura Sushi USA in the second quarter worth $984,000. Corient Private Wealth LP bought a new position in shares of Kura Sushi USA during the 2nd quarter worth $2,219,000. Grandeur Peak Global Advisors LLC grew its stake in shares of Kura Sushi USA by 127.2% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company’s stock worth $690,000 after acquiring an additional 6,712 shares during the period. Ranger Investment Management L.P. purchased a new stake in Kura Sushi USA in the 2nd quarter worth about $4,322,000. Finally, Moody National Bank Trust Division increased its holdings in Kura Sushi USA by 30.1% in the 2nd quarter. Moody National Bank Trust Division now owns 53,463 shares of the company’s stock worth $3,077,000 after acquiring an additional 12,366 shares during the last quarter. Hedge funds and other 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 name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company’s menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.