Kura Sushi USA (NASDAQ:KRUS) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Other research analysts also recently issued reports about the stock. Lake Street Capital decreased 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. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a research report on Thursday, July 9th. Finally, Citigroup lowered their target price on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $48.56 on Friday. The business’s 50-day simple moving average is $49.52 and its 200 day simple moving average is $58.11. The company has a market cap of $590.00 million, a P/E ratio of -269.76 and a beta of 1.33. Kura Sushi USA has a one year low of $42.62 and a one year high of $87.99.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. The firm had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $86.45 million. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%. Analysts predict that Kura Sushi USA will post -0.06 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division raised its holdings in Kura Sushi USA by 30.1% in the second quarter. Moody National Bank Trust Division now owns 53,463 shares of the company’s stock valued at $3,077,000 after acquiring an additional 12,366 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Kura Sushi USA during the 1st quarter worth $205,000. California State Teachers Retirement System increased its position in shares of 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 worth $631,000 after purchasing an additional 2,921 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock worth $514,000 after purchasing an additional 909 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Kura Sushi USA by 92.1% in the 1st quarter. Sei Investments Co. now owns 44,162 shares of the company’s stock worth $3,082,000 after purchasing an additional 21,174 shares during 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.