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

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

KRUS has been the topic of several other reports. TD Cowen dropped their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Sanford C. Bernstein set a $67.00 target price on shares of Kura Sushi USA in a report on Wednesday, October 22nd. Benchmark dropped their price target on shares of Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday. Finally, Barclays reduced their price objective on shares of Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $82.13.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $53.94 on Friday. The stock has a 50 day moving average price of $54.98 and a two-hundred day moving average price of $70.42. The firm has a market capitalization of $653.21 million, a P/E ratio of -337.13 and a beta of 1.71. 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 posted its earnings results on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $29.83 million during the quarter. Kura Sushi USA had a negative net margin of 0.67% and a positive return on equity of 0.18%. On average, equities analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

A number of large investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its stake in Kura Sushi USA by 3.6% in the first quarter. Deutsche Bank AG now owns 5,500 shares of the company’s stock valued at $282,000 after acquiring an additional 191 shares during the last quarter. US Bancorp DE increased its stake in shares of Kura Sushi USA by 14.8% during the 1st 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 last quarter. Tower Research Capital LLC TRC raised its holdings 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 period. Bank of America Corp DE lifted its stake in Kura Sushi USA by 5.4% in the third quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock valued at $334,000 after purchasing an additional 287 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Kura Sushi USA in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile