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

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $103.48, but opened at $94.00. Kura Sushi USA shares last traded at $101.07, with a volume of 56,273 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KRUS. Northcoast Research began coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a "buy" rating and a $79.00 price objective for the company. Piper Sandler lifted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a research report on Thursday. Benchmark reissued a "buy" rating and issued a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Citigroup dropped their price objective on Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Finally, Craig Hallum dropped their price objective on Kura Sushi USA from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $78.00.

Kura Sushi USA Stock Performance

The firm has a market capitalization of $1.08 billion, a P/E ratio of -1,478.29 and a beta of 1.86. The stock has a 50 day moving average of $82.44 and a 200-day moving average of $80.41.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The business had revenue of $66.01 million during the quarter, compared to analyst estimates of $64.13 million. Kura Sushi USA had a negative return on equity of 0.07% and a negative net margin of 0.30%. As a group, sell-side analysts expect that Kura Sushi USA, Inc. will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank grew its holdings in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company's stock valued at $31,000 after buying an additional 99 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Kura Sushi USA by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company's stock worth $378,000 after purchasing an additional 232 shares in the last quarter. Rhumbline Advisers grew its holdings 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. Headlands Technologies LLC purchased a new position in shares of Kura Sushi USA during the first quarter worth about $46,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Kura Sushi USA by 36.2% during the first quarter. Oppenheimer & Co. Inc. now owns 3,690 shares of the company's stock worth $425,000 after purchasing an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

About Kura Sushi USA

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