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

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $82.1250.

A number of equities analysts recently commented on the company. Barclays reduced their price target on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Sanford C. Bernstein set a $67.00 price target on shares of Kura Sushi USA in a report on Wednesday, October 22nd. Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. TD Cowen lowered their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Monday, December 29th.

Kura Sushi USA Stock Up 3.6%

KRUS stock opened at $54.23 on Wednesday. The company has a market cap of $656.73 million, a price-to-earnings ratio of -338.94 and a beta of 1.68. Kura Sushi USA has a twelve month low of $40.03 and a twelve month high of $106.60. The business has a 50 day moving average price of $52.06 and a two-hundred day moving average price of $67.83.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Monday, March 13th. The company reported ($0.13) EPS for the quarter. Kura Sushi USA had a negative net margin of 0.67% and a positive return on equity of 0.18%. The company had revenue of $29.83 million during the quarter. On average, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares during the period. Woodline Partners LP raised its stake in Kura Sushi USA by 270.3% in the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after purchasing an additional 213,158 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Kura Sushi USA during the third quarter worth about $943,000. Numerai GP LLC acquired a new stake in Kura Sushi USA during the third quarter worth about $721,000. Finally, Granahan Investment Management LLC grew its stake in Kura Sushi USA by 125.4% during the third quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after buying an additional 373,354 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

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.