Kura Sushi USA (NASDAQ:KRUS) Cut to Hold at Zacks Investment Research

Kura Sushi USA (NASDAQ:KRUSGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Kura Sushi USA Inc. operates as a restaurant. The Company offers nigiri, roll, hand roll, gunkan and desserts. Kura Sushi USA Inc. is based in Irvine, United States. “

Shares of KRUS stock opened at $32.36 on Wednesday. The company has a market cap of $314.51 million, a price-to-earnings ratio of -101.13 and a beta of 2.07. The stock has a 50 day simple moving average of $48.41 and a 200-day simple moving average of $54.92. Kura Sushi USA has a 12-month low of $30.95 and a 12-month high of $85.62.

Kura Sushi USA (NASDAQ:KRUSGet Rating) last issued its earnings results on Thursday, April 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. The business had revenue of $31.29 million during the quarter, compared to the consensus estimate of $30.10 million. Kura Sushi USA had a negative return on equity of 11.80% and a negative net margin of 2.99%. During the same period in the prior year, the business posted ($0.78) EPS. Analysts expect that Kura Sushi USA will post -0.39 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Stephens Inc. AR increased its stake in Kura Sushi USA by 7.1% in the 1st quarter. Stephens Inc. AR now owns 900,854 shares of the company’s stock valued at $49,682,000 after purchasing an additional 59,898 shares in the last quarter. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 42.0% in the 1st quarter. Portolan Capital Management LLC now owns 335,127 shares of the company’s stock valued at $18,482,000 after purchasing an additional 99,063 shares in the last quarter. BlackRock Inc. increased its stake in Kura Sushi USA by 6.7% in the 1st quarter. BlackRock Inc. now owns 247,111 shares of the company’s stock valued at $13,629,000 after purchasing an additional 15,517 shares in the last quarter. Next Century Growth Investors LLC increased its stake in Kura Sushi USA by 12.5% in the 1st quarter. Next Century Growth Investors LLC now owns 232,531 shares of the company’s stock valued at $12,824,000 after purchasing an additional 25,840 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Kura Sushi USA by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 214,371 shares of the company’s stock valued at $11,822,000 after purchasing an additional 8,201 shares in the last quarter. 35.55% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile (Get Rating)

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as ‘Kura Experience'. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC.

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