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

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have received an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $76.9167.

Several equities analysts have weighed in on the stock. Lake Street Capital reiterated a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th. Barclays boosted 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 report on Wednesday, April 8th. DA Davidson reiterated a “buy” rating and issued a $90.00 target price on shares of Kura Sushi USA in a report on Monday, April 6th. Weiss Ratings cut Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Finally, Citigroup increased their price target on Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th.

Kura Sushi USA Trading Down 0.4%

KRUS opened at $45.58 on Friday. The firm has a market capitalization of $553.80 million, a PE ratio of -284.88 and a beta of 1.32. Kura Sushi USA has a twelve month low of $42.62 and a twelve month high of $95.98. The firm’s 50-day moving average price is $57.26 and its 200 day moving average price is $59.99.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently made changes to their positions in the stock. Royce & Associates LP grew its position in Kura Sushi USA by 60.2% in the 3rd quarter. Royce & Associates LP now owns 82,517 shares of the company’s stock valued at $4,902,000 after acquiring an additional 31,005 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in Kura Sushi USA in the 3rd quarter valued at about $34,586,000. Granahan Investment Management LLC grew its position in Kura Sushi USA by 125.4% in the 3rd 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 lifted its holdings in Kura Sushi USA by 20.7% during the 4th quarter. Moody National Bank Trust Division now owns 55,621 shares of the company’s stock worth $2,911,000 after buying an additional 9,542 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in Kura Sushi USA by 65.6% during the 4th quarter. Wesbanco Bank Inc. now owns 30,300 shares of the company’s stock worth $1,586,000 after buying an additional 12,000 shares in the last quarter. 65.49% of the stock is currently 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.