Wall Street Zen Upgrades Kura Sushi USA (NASDAQ:KRUS) to “Hold”

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

A number of other brokerages 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, July 9th. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. 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, July 9th. Citigroup increased their target price on Kura Sushi USA from $85.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Finally, TD Securities restated a “hold” rating and set a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 9th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.78.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $61.99 on Friday. The company has a 50-day moving average of $80.48 and a 200-day moving average of $70.93. The company has a market capitalization of $749.46 million, a price-to-earnings ratio of -77.49 and a beta of 1.79. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $73.97 million during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Kura Sushi USA has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Kura Sushi USA will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently made changes to their positions in the company. Ranger Investment Management L.P. boosted its position in shares of Kura Sushi USA by 7.8% in the 2nd quarter. Ranger Investment Management L.P. now owns 154,830 shares of the company’s stock worth $13,328,000 after purchasing an additional 11,235 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the last quarter. Man Group plc boosted its position in shares of Kura Sushi USA by 11.0% in the 2nd quarter. Man Group plc now owns 8,140 shares of the company’s stock worth $701,000 after purchasing an additional 809 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Kura Sushi USA in the 2nd quarter worth $542,000. Finally, Balyasny Asset Management L.P. boosted its position in shares of Kura Sushi USA by 13.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 213,105 shares of the company’s stock worth $18,344,000 after purchasing an additional 24,570 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA