Kura Sushi USA (NASDAQ:KRUS) Lifted to “C” at TheStreet

TheStreet upgraded shares of Kura Sushi USA (NASDAQ:KRUSGet Rating) from a d rating to a c rating in a research note released on Monday morning, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets downgraded shares of Kura Sushi USA from an outperform rating to a market perform rating and set a $80.00 target price for the company. in a research note on Monday, July 11th. Craig Hallum lifted their price target on shares of Kura Sushi USA from $84.00 to $85.00 and gave the company a buy rating in a research note on Friday, July 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $76.75.

Kura Sushi USA Stock Performance

KRUS stock opened at $86.16 on Monday. The company has a fifty day moving average price of $56.61 and a 200-day moving average price of $51.16. The company has a market capitalization of $839.28 million, a P/E ratio of -239.33 and a beta of 2.05. Kura Sushi USA has a 52-week low of $30.95 and a 52-week high of $89.81.

Kura Sushi USA (NASDAQ:KRUSGet Rating) last released its quarterly earnings results on Thursday, July 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.15. Kura Sushi USA had a negative net margin of 2.76% and a negative return on equity of 4.52%. During the same quarter in the prior year, the company earned ($0.54) earnings per share. As a group, sell-side analysts forecast that Kura Sushi USA will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Allianz Asset Management GmbH purchased a new position in Kura Sushi USA in the fourth quarter valued at about $232,000. Divisadero Street Capital Management LP purchased a new position in Kura Sushi USA in the fourth quarter valued at about $6,316,000. Stephens Inc. AR raised its position in shares of Kura Sushi USA by 7.1% in the first quarter. Stephens Inc. AR now owns 900,854 shares of the company’s stock valued at $49,682,000 after purchasing an additional 59,898 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at approximately $477,000. Finally, Essex Investment Management Co. LLC raised its position in shares of Kura Sushi USA by 4.8% in the first quarter. Essex Investment Management Co. LLC now owns 49,846 shares of the company’s stock valued at $2,749,000 after purchasing an additional 2,294 shares during the period. 35.55% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

(Get Rating)

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company's restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as ‘Kura Experience'. As of August 31, 2021, it operated 33 restaurants in nine states and Washington DC.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for Kura Sushi USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kura Sushi USA and related companies with MarketBeat.com's FREE daily email newsletter.