Kura Sushi USA (NASDAQ:KRUS) Lowered to “Sell” Rating by Wall Street Zen

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

Several other research firms have also commented on KRUS. TD Securities reiterated a “hold” rating and set a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Roth Capital restated a “buy” rating and set a $106.00 target price (up from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Barclays increased their price target on shares of 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 research note on Wednesday, July 9th. Finally, Citigroup raised their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.30.

Kura Sushi USA Trading Down 1.0%

Shares of Kura Sushi USA stock opened at $77.23 on Friday. The stock has a 50 day moving average of $82.18 and a 200 day moving average of $69.29. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $110.66. The firm has a market cap of $933.71 million, a PE ratio of -96.54 and a beta of 1.80.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. The business had revenue of $73,965 billion for the quarter, compared to analysts’ expectations of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. As a group, equities research analysts forecast that Kura Sushi USA will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Kura Sushi USA by 42.5% during the 2nd 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 last quarter. Man Group plc grew its position in Kura Sushi USA by 11.0% in the 2nd quarter. Man Group plc now owns 8,140 shares of the company’s stock valued at $701,000 after acquiring an additional 809 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Kura Sushi USA in the second quarter worth $542,000. Balyasny Asset Management L.P. increased its stake in Kura Sushi USA by 13.0% in the second 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 period. Finally, Ameriprise Financial Inc. lifted its position in shares of Kura Sushi USA by 17.5% during the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after purchasing an additional 51,574 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile