DA Davidson Has Lowered Expectations for Kura Sushi USA (NASDAQ:KRUS) Stock Price

by · The Markets Daily

Kura Sushi USA (NASDAQ:KRUS – Get Free Report) had its price target dropped by equities researchers at DA Davidson from $65.00 to $55.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 44.02% from the company’s previous close.

Several other research firms also recently commented on KRUS. Citigroup cut their target price on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. TD Cowen reduced their target price on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Lake Street Capital decreased their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Roth Capital dropped their price target on shares of 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. Finally, Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.09.

View Our Latest Report on KRUS

Kura Sushi USA Trading Down 2.5%

NASDAQ:KRUS opened at $38.19 on Thursday. The stock’s 50-day moving average is $43.24 and its 200-day moving average is $50.04. Kura Sushi USA has a 1-year low of $33.97 and a 1-year high of $80.84. The stock has a market cap of $464.01 million, a P/E ratio of -212.15 and a beta of 1.29.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its stake in shares of Kura Sushi USA by 14.1% in the first quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock worth $514,000 after acquiring an additional 909 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kura Sushi USA by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 15,822 shares of the company’s stock valued at $1,104,000 after acquiring an additional 988 shares during the last quarter. SG Americas Securities LLC increased its position in Kura Sushi USA by 14.0% during the 1st quarter. SG Americas Securities LLC now owns 10,718 shares of the company’s stock valued at $748,000 after purchasing an additional 1,313 shares during the period. Moody National Bank Trust Division increased its position in Kura Sushi USA by 4.5% during the 3rd quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock valued at $2,280,000 after purchasing an additional 2,400 shares during the period. Finally, California State Teachers Retirement System increased its position in Kura Sushi USA by 47.8% during the 1st quarter. California State Teachers Retirement System now owns 9,035 shares of the company’s stock valued at $631,000 after purchasing an additional 2,921 shares during the period. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA

(Get Free Report)

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants serve sushi and other Japanese dishes on a rotating conveyor belt, allowing customers to select plates as they pass by or order items through a digital tablet.

The menu includes a variety of sushi, sashimi, hand rolls, noodle dishes, appetizers, desserts and beverages. Kura Sushi’s dining experience incorporates automated service features and the Bikkura-Pon reward system, which provides customer engagement and promotional benefits based on returned plates.

Founded in 2008 and headquartered in Irvine, California, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based revolving sushi restaurant company.

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