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

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

Several other research analysts have also commented on the company. TD Securities reaffirmed a “hold” rating and set a $79.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup boosted their target price on Kura Sushi USA from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Roth Capital restated a “buy” rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, Lake Street Capital lifted their price target on Kura Sushi USA from $62.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and a consensus target price of $92.30.

Kura Sushi USA Stock Performance

Shares of NASDAQ KRUS opened at $81.46 on Friday. Kura Sushi USA has a fifty-two week low of $40.03 and a fifty-two week high of $110.66. The firm has a market capitalization of $984.85 million, a PE ratio of -101.83 and a beta of 1.79. The stock’s 50-day simple moving average is $82.62 and its 200-day simple moving average is $69.72.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The business had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. On average, 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

A number of hedge funds have recently added to or reduced their stakes in KRUS. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA in the 2nd quarter worth about $29,000. AlphaQuest LLC acquired a new stake in Kura Sushi USA during the first quarter worth about $68,000. BNP Paribas Financial Markets acquired a new stake in Kura Sushi USA during the fourth quarter worth about $77,000. Tower Research Capital LLC TRC increased its stake 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 last quarter. Finally, US Bancorp DE increased its stake 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 last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA