Kura Sushi USA (NASDAQ:KRUS) Upgraded to Hold at Freedom Capital

Freedom Capital upgraded shares of Kura Sushi USA (NASDAQ:KRUS) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

KRUS has been the subject of a number of other reports. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. DA Davidson dropped their price objective on Kura Sushi USA from $90.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen reissued a “hold” rating and issued a $58.00 price objective on shares of Kura Sushi USA in a report on Wednesday, June 3rd. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Citigroup decreased their target price on shares of Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.08.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $57.61 on Wednesday. The stock’s 50-day simple moving average is $52.63 and its 200 day simple moving average is $60.30. The company has a market cap of $699.96 million, a P/E ratio of -360.06 and a beta of 1.33. Kura Sushi USA has a 52-week low of $42.62 and a 52-week high of $95.98.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth approximately $34,586,000. Granahan Investment Management LLC lifted its holdings in Kura Sushi USA by 125.4% during the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after purchasing an additional 373,354 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Kura Sushi USA during the fourth quarter worth $19,194,000. Stephens Inc. AR boosted its position in Kura Sushi USA by 31.9% during the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after purchasing an additional 267,955 shares during the period. Finally, Woodline Partners LP boosted its position in Kura Sushi USA by 270.3% during the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after purchasing an additional 213,158 shares during the period. Institutional investors and hedge funds 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.