Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 3% - Time to Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shares were down 3% on Wednesday . The company traded as low as $81.53 and last traded at $81.53. Approximately 27,430 shares traded hands during trading, a decline of 83% from the average daily volume of 158,487 shares. The stock had previously closed at $84.01.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KRUS. Northcoast Research started coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price objective for the company. Roth Mkm reaffirmed a "buy" rating and issued a $70.00 target price (down from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Lake Street Capital dropped their price target on Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, July 10th. Barclays cut their price objective on Kura Sushi USA from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th. Finally, Benchmark reaffirmed a "buy" rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $72.38.

Kura Sushi USA Stock Performance

The company has a market cap of $941.05 million, a PE ratio of -1,197.00 and a beta of 1.89. The stock's 50 day moving average price is $72.41 and its 200-day moving average price is $81.88.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently modified their holdings of the company. Rheos Capital Works Inc. bought a new position in shares of Kura Sushi USA in the 1st quarter worth approximately $10,940,000. Lazard Asset Management LLC grew its stake in shares of Kura Sushi USA by 144.0% in the 1st quarter. Lazard Asset Management LLC now owns 62,031 shares of the company's stock worth $7,143,000 after buying an additional 36,609 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Kura Sushi USA by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company's stock worth $11,895,000 after acquiring an additional 30,836 shares in the last quarter. Castleark Management LLC bought a new position in shares of Kura Sushi USA during the first quarter valued at $3,326,000. Finally, Roubaix Capital LLC purchased a new stake in Kura Sushi USA during the 2nd quarter valued at about $1,755,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile