Kura Sushi USA (NASDAQ:KRUS) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Kura Sushi USA (NASDAQ:KRUS) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Barclays boosted their price target on Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Benchmark restated a “buy” rating on shares of Kura Sushi USA in a research note on Thursday, January 8th. Royal Bank Of Canada set a $85.00 price target on Kura Sushi USA in a research note on Tuesday, January 20th. Finally, Loop Capital set a $70.00 price target on Kura Sushi USA in a research note on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.00.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $56.30 on Wednesday. Kura Sushi USA has a fifty-two week low of $42.62 and a fifty-two week high of $95.98. The business has a 50-day moving average of $61.60 and a two-hundred day moving average of $60.62. The stock has a market capitalization of $684.05 million, a P/E ratio of -351.88 and a beta of 1.33.

Institutional Trading of Kura Sushi USA

A number of large investors have recently made changes to their positions in KRUS. Raymond James Financial Inc. bought a new stake in shares of Kura Sushi USA in the 2nd quarter valued at $29,000. Key Financial Inc increased its position in shares of Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after buying an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at $36,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after purchasing an additional 646 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese?style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate?return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef?inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.