Kura Sushi USA (NASDAQ:KRUS) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Kura Sushi USA (NASDAQ:KRUS) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on KRUS. Citigroup dropped their price objective on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. TD Cowen dropped their price objective on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Zacks Research raised Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd. Lake Street Capital cut their target price on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.78.

Kura Sushi USA Trading Down 1.8%

NASDAQ:KRUS opened at $30.86 on Friday. The firm’s fifty day moving average price is $41.40 and its two-hundred day moving average price is $54.33. Kura Sushi USA has a one year low of $29.69 and a one year high of $80.84.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kings Path Partners LLC bought a new stake in Kura Sushi USA in the third quarter worth $213,000. State of Alaska Department of Revenue purchased a new stake in Kura Sushi USA during the third quarter valued at about $29,000. Moody National Bank Trust Division grew its stake 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 valued at $2,280,000 after buying an additional 2,400 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Kura Sushi USA during the second quarter valued at about $984,000. Finally, Corient Private Wealth LP purchased a new position in shares of Kura Sushi USA in the second quarter worth about $2,219,000. Institutional investors own 65.49% of the company’s stock.

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.