Kura Sushi USA (NASDAQ:KRUS) Shares Down 5.3% – Here’s Why

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price traded down 5.3% during mid-day trading on Monday . The stock traded as low as $84.08 and last traded at $84.50. 64,411 shares changed hands during trading, a decline of 60% from the average session volume of 162,780 shares. The stock had previously closed at $89.22.

Analyst Ratings Changes

KRUS has been the topic of several recent analyst reports. Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Craig Hallum upped their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays lifted 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. Finally, Piper Sandler increased their price target 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Stock Performance

The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -110.79 and a beta of 1.86. The company has a 50-day moving average price of $87.31 and a 200-day moving average price of $79.04.

Institutional Investors Weigh In On Kura Sushi USA

Large investors have recently bought and sold shares of the company. Castleark Management LLC bought a new stake in shares of Kura Sushi USA in the 1st quarter valued at $3,326,000. Lazard Asset Management LLC raised its position in shares of Kura Sushi USA by 144.0% during the first quarter. Lazard Asset Management LLC now owns 62,031 shares of the company’s stock worth $7,143,000 after purchasing an additional 36,609 shares during the period. Rheos Capital Works Inc. grew its position in shares of 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 purchasing an additional 12,000 shares during the period. Virtu Financial LLC bought a new stake in Kura Sushi USA during the 1st quarter worth approximately $370,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Kura Sushi USA during the second quarter worth $412,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile