Kura Sushi USA (NASDAQ:KRUS) Shares Down 8.7% – Time to Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price fell 8.7% on Wednesday . The company traded as low as $92.37 and last traded at $93.34. 93,232 shares were traded during mid-day trading, a decline of 42% from the average session volume of 159,919 shares. The stock had previously closed at $102.18.

Analyst Ratings Changes

Several analysts have recently issued reports on KRUS shares. Craig Hallum upped their price target 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. Piper Sandler upped 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 lifted their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday. Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Finally, Barclays raised their target price on shares of 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.75.

Kura Sushi USA Price Performance

The firm’s 50 day moving average price is $97.00 and its 200-day moving average price is $79.34. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -118.34 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. Analysts expect that Kura Sushi USA, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRUS. Rhumbline Advisers grew its holdings 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in Kura Sushi USA by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after purchasing an additional 8,146 shares during the period. Renaissance Technologies LLC acquired a new stake in Kura Sushi USA during the second quarter worth $1,155,000. XTX Topco Ltd bought a new stake in Kura Sushi USA in the 2nd quarter valued at $521,000. Finally, Rheos Capital Works Inc. increased its holdings in Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after buying an additional 12,000 shares during the period. 65.49% of the stock is currently owned by institutional investors.

About Kura Sushi USA