Kura Sushi USA (NASDAQ:KRUS) Trading Down 4.9% - Here's What Happened

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shares were down 4.9% during mid-day trading on Thursday . The company traded as low as $72.96 and last traded at $71.92. Approximately 9,238 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 168,509 shares. The stock had previously closed at $75.66.

Analyst Ratings Changes

A number of research firms have recently weighed in on KRUS. Craig Hallum upped their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Piper Sandler lifted their target price on Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Lake Street Capital boosted their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Barclays lifted their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.

Kura Sushi USA Stock Performance

The company has a 50 day moving average of $89.09 and a two-hundred day moving average of $82.34. The stock has a market capitalization of $916.11 million, a PE ratio of -111.62 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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%. As a group, research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at $31,000. Quest Partners LLC raised its position in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company's stock worth $54,000 after acquiring an additional 471 shares during the period. US Bancorp DE boosted its stake in shares of Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after acquiring an additional 547 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $237,000. Finally, Jennison Associates LLC increased its stake in shares of Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company's stock valued at $427,000 after purchasing an additional 1,292 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile