Kura Sushi USA (NASDAQ:KRUS) Reaches New 12-Month Low - Here's What Happened

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $47.46 and last traded at $51.70, with a volume of 134797 shares traded. The stock had previously closed at $51.60.

Analysts Set New Price Targets

Several analysts have commented on KRUS shares. TD Securities restated a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a research note on Friday. Citigroup decreased their target price on shares of Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. Benchmark cut their price target on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Barclays reduced their price objective on Kura Sushi USA from $102.00 to $75.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Kura Sushi USA Stock Down 8.0 %

The business has a 50-day simple moving average of $64.91 and a 200-day simple moving average of $82.01. The company has a market cap of $526.20 million, a PE ratio of -64.13 and a beta of 1.72.

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Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. On average, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Transactions at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Kura Sushi USA

A number of hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $31,000. Quantbot Technologies LP purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth $61,000. BNP Paribas Financial Markets acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $77,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $109,000. Finally, US Bancorp DE lifted its stake in shares of Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after buying an additional 547 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Company Profile