Kura Sushi USA (NASDAQ:KRUS) Stock Rating Raised to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks reports.

Other analysts have also recently issued reports about the company. 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 research report on Wednesday, July 8th. Lake Street Capital reduced their target price on shares of 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. TD Cowen cut their price target on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $69.00.

Kura Sushi USA Stock Up 4.6%

Shares of NASDAQ KRUS opened at $38.91 on Wednesday. The stock’s 50 day moving average price is $45.15 and its two-hundred day moving average price is $52.04. Kura Sushi USA has a 52-week low of $33.97 and a 52-week high of $80.84. The stock has a market capitalization 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, 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 business had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. On average, analysts anticipate that Kura Sushi USA will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently modified their holdings of KRUS. Stephens Inc. AR lifted its holdings in shares of Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after buying an additional 267,955 shares during the period. Granahan Investment Management LLC boosted its position in shares of Kura Sushi USA by 17.3% during the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock valued at $41,189,000 after purchasing an additional 116,096 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Kura Sushi USA by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company’s stock valued at $13,110,000 after purchasing an additional 25,031 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Kura Sushi USA by 8.7% in the 1st quarter. Wasatch Advisors LP now owns 137,336 shares of the company’s stock worth $9,585,000 after purchasing an additional 10,978 shares in the last quarter. Finally, Meros Investment Management LP acquired a new stake in Kura Sushi USA during the fourth quarter valued at approximately $6,607,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.