Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given an average rating of “Hold” by the eleven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $63.78.

Several equities research analysts recently weighed in on KRUS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th. Roth Capital decreased their target price on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Citigroup lowered their target price on Kura Sushi USA from $59.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Lake Street Capital lowered their target price on Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Zacks Research raised Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd.

Kura Sushi USA Stock Up 3.5%

Kura Sushi USA stock opened at $36.19 on Tuesday. Kura Sushi USA has a 12 month low of $29.69 and a 12 month high of $80.84. The company has a fifty day moving average price of $39.41 and a two-hundred day moving average price of $53.39.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in Kura Sushi USA in the 3rd quarter worth approximately $29,000. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA in the 1st quarter valued at approximately $205,000. Red Door Wealth Management LLC acquired a new stake in Kura Sushi USA in the 1st quarter valued at approximately $236,000. Integrity Alliance LLC. bought a new stake in Kura Sushi USA during the 3rd quarter valued at $204,000. Finally, Kings Path Partners LLC acquired a new position in Kura Sushi USA during the 3rd quarter worth $213,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile

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.