Kura Sushi USA (NASDAQ:KRUS) Trading Down 4.9% – Here’s Why

Kura Sushi USA, Inc. (NASDAQ:KRUS) fell 4.9% on Thursday . The company traded as low as $72.96 and last traded at $71.92. 9,238 shares were traded during trading, a decline of 95% from the average session volume of 168,509 shares. The stock had previously closed at $75.66.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Lake Street Capital boosted their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Barclays boosted 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 research report on Friday, November 8th. Piper Sandler lifted their price target 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. Finally, Craig Hallum boosted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Four investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Kura Sushi USA Price Performance

The stock has a market cap of $872.90 million, a PE ratio of -106.51 and a beta of 1.81. The business has a fifty day moving average of $90.43 and a 200 day moving average of $81.85.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) 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%. On average, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors and hedge funds have recently modified their holdings of KRUS. Arcadia Investment Management Corp MI bought a new stake in 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% during 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 last quarter. US Bancorp DE lifted its stake in shares of Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after buying an additional 547 shares during the period. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA during the third quarter worth about $237,000. Finally, Jennison Associates LLC lifted its position 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 worth $427,000 after acquiring an additional 1,292 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA