Kura Sushi USA (NASDAQ:KRUS) Given New $38.00 Price Target at TD Cowen

Kura Sushi USA (NASDAQ:KRUS) had its price objective reduced by analysts at TD Cowen from $51.00 to $38.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen‘s price objective suggests a potential upside of 38.79% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. William Blair downgraded Kura Sushi USA from an “outperform” rating to a “market perform” rating in a report on Friday. DA Davidson reduced their price objective on Kura Sushi USA from $55.00 to $41.00 and set a “buy” rating for the company in a report on Friday. Zacks Research upgraded Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Wednesday. Finally, Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.78.

Kura Sushi USA Trading Down 26.1%

KRUS stock traded down $9.69 during midday trading on Friday, hitting $27.38. The company’s stock had a trading volume of 1,019,784 shares, compared to its average volume of 304,964. The company has a market cap of $332.67 million, a PE ratio of -152.10 and a beta of 1.38. Kura Sushi USA has a 12 month low of $26.32 and a 12 month high of $80.84. The firm’s 50-day moving average is $38.76 and its 200-day moving average is $52.83.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The business had revenue of $88.88 million for the quarter, compared to analysts’ expectations of $90.88 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. Analysts expect that Kura Sushi USA will post -0.05 earnings per share for the current year.

Institutional Trading of Kura Sushi USA

Several institutional investors and hedge funds have recently modified their holdings of the company. Integrity Alliance LLC. purchased a new position in shares of Kura Sushi USA in the third quarter valued at about $204,000. Kings Path Partners LLC bought a new position in shares of Kura Sushi USA in the third quarter worth about $213,000. State of Alaska Department of Revenue purchased a new stake in shares of Kura Sushi USA during the third quarter worth about $29,000. Moody National Bank Trust Division grew its position in shares of Kura Sushi USA by 4.5% during the third quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock worth $2,280,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Kura Sushi USA during the 2nd quarter valued at approximately $984,000. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.

The company’s menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.

Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.