Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 4.5% - Here's Why

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price fell 4.5% during mid-day trading on Monday . The stock traded as low as $95.34 and last traded at $95.34. 131,852 shares were traded during mid-day trading, a decline of 17% from the average session volume of 159,190 shares. The stock had previously closed at $99.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KRUS shares. Barclays upped their price target on shares of Kura Sushi USA from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 22nd. Roth Mkm reissued a "buy" rating and issued a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Piper Sandler decreased their price target on shares of Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. Northcoast Research initiated coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price objective for the company. Finally, Lake Street Capital lowered their price target on shares of Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.63.

Kura Sushi USA Trading Down 6.9 %

The company has a market cap of $1.04 billion, a PE ratio of -1,327.29 and a beta of 1.86. The firm's fifty day moving average is $81.02 and its 200 day moving average is $80.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Comerica Bank grew its holdings in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company's stock valued at $31,000 after purchasing an additional 99 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Kura Sushi USA by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company's stock worth $378,000 after acquiring an additional 232 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company's stock worth $516,000 after purchasing an additional 350 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Kura Sushi USA during the 1st quarter worth about $46,000. Finally, Essex Investment Management Co. LLC boosted its holdings in Kura Sushi USA by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 28,751 shares of the company's stock valued at $3,311,000 after purchasing an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile