Kura Sushi USA (NASDAQ:KRUS) Stock Rating Upgraded by Wall Street Zen

Kura Sushi USA (NASDAQ:KRUS) was upgraded by Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on KRUS. Barclays lifted their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday. Lake Street Capital lifted their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday. Roth Capital reissued a “buy” rating and set a $106.00 price objective (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday. Finally, TD Securities reaffirmed a “hold” rating and issued a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.30.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $73.58 on Friday. The stock has a market cap of $889.58 million, a P/E ratio of -91.98 and a beta of 1.67. Kura Sushi USA has a one year low of $40.03 and a one year high of $110.66. The stock has a fifty day moving average price of $73.96 and a 200 day moving average price of $69.87.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. The firm had revenue of $73,965 billion during the quarter, compared to analysts’ expectations of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. Equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Trading of Kura Sushi USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Quantbot Technologies LP acquired a new stake in Kura Sushi USA in the fourth quarter worth about $61,000. AlphaQuest LLC acquired a new stake in Kura Sushi USA in the first quarter worth about $68,000. BNP Paribas Financial Markets acquired a new stake in Kura Sushi USA in the fourth quarter worth about $77,000. US Bancorp DE increased its position in Kura Sushi USA by 14.8% in the first quarter. US Bancorp DE now owns 2,073 shares of the company’s stock worth $106,000 after purchasing an additional 268 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the fourth quarter worth about $109,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile