Kura Sushi USA (NASDAQ:KRUS) Stock Rating Upgraded by Freedom Capital

Kura Sushi USA (NASDAQ:KRUS) was upgraded by Freedom Capital to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Citigroup dropped their price objective on Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. TD Cowen restated a “hold” rating and issued a $58.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, June 3rd. Zacks Research cut Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Barclays raised their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings downgraded Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kura Sushi USA presently has an average rating of “Hold” and a consensus price target of $74.08.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $57.61 on Wednesday. The company has a market capitalization of $699.96 million, a PE ratio of -360.06 and a beta of 1.33. Kura Sushi USA has a 1 year low of $42.62 and a 1 year high of $95.98. The business has a fifty day moving average price of $52.63 and a two-hundred day moving average price of $60.30.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently made changes to their positions in KRUS. Divisadero Street Capital Management LP bought a new position in Kura Sushi USA in the third quarter worth about $34,586,000. Granahan Investment Management LLC increased its holdings in shares of Kura Sushi USA by 125.4% during the third quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after acquiring an additional 373,354 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of Kura Sushi USA by 20.7% in the 4th quarter. Moody National Bank Trust Division now owns 55,621 shares of the company’s stock worth $2,911,000 after purchasing an additional 9,542 shares during the last quarter. Stephens Inc. AR raised its position in shares of Kura Sushi USA by 15.3% in the 4th quarter. Stephens Inc. AR now owns 839,308 shares of the company’s stock worth $43,921,000 after purchasing an additional 111,502 shares during the last quarter. Finally, Meros Investment Management LP bought a new position in Kura Sushi USA in the 4th quarter worth about $6,607,000. 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.