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

Kura Sushi USA (NASDAQ:KRUS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also recently weighed in on KRUS. TD Securities reiterated a “hold” rating and issued a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 9th. Barclays lifted their target price on shares of Kura Sushi USA from $71.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Roth Capital reissued a “buy” rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Lake Street Capital raised their price objective on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, Benchmark reiterated a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Kura Sushi USA has a consensus rating of “Hold” and an average target price of $92.30.

Kura Sushi USA Trading Down 1.0%

Shares of NASDAQ KRUS opened at $77.23 on Friday. The stock has a market cap of $933.71 million, a price-to-earnings ratio of -96.54 and a beta of 1.80. The stock’s 50-day moving average is $82.18 and its 200 day moving average is $69.29. Kura Sushi USA has a 1-year low of $40.03 and a 1-year high of $110.66.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The company had revenue of $73,965 billion for the quarter, compared to analyst estimates of $71.82 million. On average, analysts forecast that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently made changes to their positions in KRUS. GAMMA Investing LLC boosted its stake in Kura Sushi USA by 30,191.7% during the 1st quarter. GAMMA Investing LLC now owns 3,635 shares of the company’s stock valued at $186,000 after purchasing an additional 3,623 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Kura Sushi USA by 21.9% in the first quarter. Moody National Bank Trust Division now owns 28,110 shares of the company’s stock worth $1,439,000 after purchasing an additional 5,043 shares during the last quarter. Wesbanco Bank Inc. bought a new position in shares of Kura Sushi USA during the first quarter valued at $1,244,000. Blueshift Asset Management LLC purchased a new stake in shares of Kura Sushi USA during the first quarter valued at $248,000. Finally, Tudor Investment Corp ET AL boosted its position in shares of Kura Sushi USA by 387.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company’s stock valued at $3,123,000 after buying an additional 27,408 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA