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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Lake Street Capital raised their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Piper Sandler raised their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Craig Hallum lifted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note 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 research note on Friday, November 8th. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Four equities 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Kura Sushi USA Trading Down 9.2 %

The firm has a market capitalization of $879.38 million, a PE ratio of -108.19 and a beta of 1.84. The business’s 50 day simple moving average is $95.18 and its two-hundred day simple moving average is $79.63.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after acquiring an additional 9,229 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Kura Sushi USA during the third quarter valued at $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kura Sushi USA by 33.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares during the period. Rheos Capital Works Inc. increased its position in Kura Sushi USA by 6.3% in the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock worth $16,434,000 after buying an additional 12,000 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of Kura Sushi USA by 24.5% in the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Company Profile