Kura Sushi USA (NASDAQ:KRUS) Downgraded by Wall Street Zen to Sell

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

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kura Sushi USA in a research note on Wednesday, October 8th. Lake Street Capital raised their target price on Kura Sushi USA from $62.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Barclays decreased their price target on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Citigroup increased their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Finally, TD Securities restated a “hold” rating and issued a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.80.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $56.93 on Friday. The firm has a market cap of $688.28 million, a price-to-earnings ratio of -71.16 and a beta of 1.76. The stock has a 50-day simple moving average of $69.06 and a 200-day simple moving average of $72.55. 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 issued its quarterly earnings data on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $29.83 million for the quarter. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. As a group, equities research analysts predict that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Kura Sushi USA in the 2nd quarter worth approximately $29,000. AlphaQuest LLC acquired a new stake in shares of Kura Sushi USA in the first quarter worth $68,000. Tower Research Capital LLC TRC increased its position in Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares during the period. US Bancorp DE increased its position in Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company’s stock worth $106,000 after acquiring an additional 268 shares during the period. Finally, Corebridge Financial Inc. raised its stake in Kura Sushi USA by 12.2% during the 1st quarter. Corebridge Financial Inc. now owns 3,304 shares of the company’s stock valued at $169,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA