Kura Sushi USA (NASDAQ:KRUS) Shares Down 8.7% - Time to Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) was down 8.7% during trading on Wednesday . The stock traded as low as $92.37 and last traded at $93.34. Approximately 93,232 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 159,919 shares. The stock had previously closed at $102.18.

Analyst Ratings Changes

A number of brokerages have recently commented on KRUS. Craig Hallum lifted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a "buy" rating and a $79.00 target price for the company. Piper Sandler raised their price target on Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Barclays upped their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. Finally, William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and a consensus price target of $89.75.

Kura Sushi USA Trading Down 11.8 %

The stock has a 50 day moving average of $97.00 and a 200-day moving average of $79.34. The company has a market capitalization of $1.08 billion, a P/E ratio of -115.50 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. As a group, sell-side analysts expect that Kura Sushi USA, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its position in shares of Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company's stock worth $516,000 after purchasing an additional 350 shares in the last quarter. Quest Partners LLC boosted its stake in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock worth $54,000 after purchasing an additional 471 shares during the period. Kings Path Partners LLC grew its holdings in Kura Sushi USA by 8.2% during the 4th quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock valued at $998,000 after buying an additional 831 shares in the last quarter. State Street Corp raised its position in shares of Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company's stock valued at $10,317,000 after buying an additional 1,016 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company's stock valued at $427,000 after buying an additional 1,292 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile