Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Consensus Rating of “Hold” by Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUSGet Free Report) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $82.1250.

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein set a $67.00 price objective on shares of Kura Sushi USA in a report on Wednesday, October 22nd. Wall Street Zen cut Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. TD Cowen lowered their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Barclays cut their price objective on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday.

Check Out Our Latest Research Report on Kura Sushi USA

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $53.94 on Friday. The company has a market capitalization of $653.21 million, a P/E ratio of -337.13 and a beta of 1.71. The stock’s 50 day moving average price is $54.98 and its 200 day moving average price is $70.42. Kura Sushi USA has a 52 week low of $40.03 and a 52 week high of $110.66.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last posted its earnings results on Monday, March 13th. The company reported ($0.13) EPS for the quarter. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%.The business had revenue of $29.83 million during the quarter. As a group, sell-side analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the last quarter. Woodline Partners LP increased its stake in shares of Kura Sushi USA by 270.3% in the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after purchasing an additional 213,158 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth about $943,000. Numerai GP LLC bought a new stake in Kura Sushi USA during the 3rd quarter valued at approximately $721,000. Finally, Granahan Investment Management LLC boosted its stake in Kura Sushi USA by 125.4% during the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after purchasing an additional 373,354 shares during the period. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA

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Analyst Recommendations for Kura Sushi USA (NASDAQ:KRUS)

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