Kura Sushi USA (NASDAQ:KRUS) Trading Down 5.4% – Time to Sell?

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) dropped 5.4% during mid-day trading on Friday . The company traded as low as $76.96 and last traded at $76.83. Approximately 95,489 shares changed hands during trading, a decline of 49% from the average daily volume of 187,373 shares. The stock had previously closed at $81.23.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KRUS shares. Lake Street Capital upped their price objective on Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, Craig Hallum upped their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Stock Down 5.9 %

The firm’s fifty day moving average price is $93.68 and its 200 day moving average price is $80.21. The stock has a market cap of $922.51 million, a PE ratio of -112.40 and a beta of 1.84.

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

Insider Buying and Selling

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on 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 of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quest Partners LLC raised its stake in shares of 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 acquiring an additional 471 shares during the period. Janus Henderson Group PLC bought a new position in Kura Sushi USA during the 3rd quarter valued at about $237,000. Jennison Associates LLC lifted its stake in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after purchasing an additional 1,292 shares during the last quarter. Rhumbline Advisers lifted its stake in Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after purchasing an additional 350 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 buying an additional 1,644 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile