Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Average Recommendation of “Hold” by Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $76.9091.

A number of equities research analysts have issued reports on KRUS shares. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 10th. Barclays decreased their price objective on Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Royal Bank Of Canada set a $85.00 target price on Kura Sushi USA in a research note on Tuesday, January 20th. Sanford C. Bernstein set a $67.00 price target on Kura Sushi USA in a research report on Wednesday, October 22nd. Finally, TD Cowen cut their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a research report on Friday, November 7th.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $66.81 on Friday. The stock has a market capitalization of $809.07 million, a P/E ratio of -202.45 and a beta of 1.68. Kura Sushi USA has a 52-week low of $40.03 and a 52-week high of $95.98. The stock’s 50-day simple moving average is $59.07 and its 200 day simple moving average is $66.13.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The business had revenue of $73.46 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter in the prior year, the business earned ($0.08) EPS. Equities research analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Hajime Uba sold 9,874 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $72.93, for a total transaction of $720,110.82. Following the completion of the transaction, the insider directly owned 6,026 shares in the company, valued at $439,476.18. The trade was a 62.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA in the 2nd quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Kura Sushi USA in the fourth quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd raised its stake in Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after purchasing an additional 736 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Kura Sushi USA by 95.3% during the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after buying an additional 284 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

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.