Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Has Average Price Target of $69.00 According to Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.00.

Several brokerages have issued reports on KRUS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th. Zacks Research upgraded shares of Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd. DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a research note on Thursday, July 9th. Citigroup dropped 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 report on Wednesday, July 8th. Finally, Lake Street Capital cut 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.

Kura Sushi USA Price Performance

NASDAQ:KRUS opened at $41.53 on Friday. Kura Sushi USA has a twelve month low of $33.97 and a twelve month high of $80.84. The business has a 50 day moving average price of $44.53 and a two-hundred day moving average price of $51.27. The company has a market cap of $504.59 million, a P/E ratio of -230.71 and a beta of 1.29.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08. The company had revenue of $85.92 million for the quarter, compared to the consensus estimate of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. As a group, analysts anticipate that Kura Sushi USA will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA during the 1st quarter valued at $205,000. Red Door Wealth Management LLC acquired a new stake in Kura Sushi USA during the 1st quarter worth approximately $236,000. AXQ Capital LP bought a new stake in Kura Sushi USA in the 4th quarter valued at $220,000. Quantinno Capital Management LP boosted its stake in Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after purchasing an additional 909 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Kura Sushi USA by 47.8% in the 1st 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 in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants serve sushi and other Japanese dishes on a rotating conveyor belt, allowing customers to select plates as they pass by or order items through a digital tablet.

The menu includes a variety of sushi, sashimi, hand rolls, noodle dishes, appetizers, desserts and beverages. Kura Sushi’s dining experience incorporates automated service features and the Bikkura-Pon reward system, which provides customer engagement and promotional benefits based on returned plates.

Founded in 2008 and headquartered in Irvine, California, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based revolving sushi restaurant company.