Kura Sushi USA (NASDAQ:KRUS) Shares Down 4.8% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price dropped 4.8% on Friday . The stock traded as low as $78.23 and last traded at $77.16. Approximately 40,058 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 184,874 shares. The stock had previously closed at $81.02.

Analysts Set New Price Targets

Several research analysts have commented on KRUS shares. Craig Hallum boosted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Lake Street Capital upped their price objective on shares of Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Piper Sandler raised their target price 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, November 7th. Barclays upped their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Kura Sushi USA Trading Down 9.3 %

The firm has a market capitalization of $878.56 million, a P/E ratio of -108.12 and a beta of 1.84. The company has a 50-day moving average of $94.83 and a 200-day moving average of $79.72.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of the company. Quest Partners LLC lifted its holdings in Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA in the 3rd quarter valued at about $237,000. Jennison Associates LLC lifted 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 during the period. Rhumbline Advisers boosted 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 valued at $516,000 after purchasing an additional 350 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Kura Sushi USA during the second quarter worth approximately $521,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile