Kura Sushi USA (NASDAQ:KRUS) Sets New 52-Week Low – Here’s Why

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) hit a new 52-week low on Tuesday . The stock traded as low as $40.64 and last traded at $41.08, with a volume of 139633 shares changing hands. The stock had previously closed at $41.26.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KRUS. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. TD Cowen dropped their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a report on Thursday, July 9th. Wall Street Zen upgraded shares of Kura Sushi USA from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA presently has a consensus rating of “Hold” and an average price target of $69.00.

Kura Sushi USA Trading Down 1.7%

The company has a market capitalization of $492.74 million, a price-to-earnings ratio of -228.74 and a beta of 1.32. The company has a fifty day moving average of $47.51 and a 200-day moving average of $53.81.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. The business had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. As a group, equities research analysts expect that Kura Sushi USA, Inc. will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Key Financial Inc grew its holdings in shares of Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after purchasing an additional 540 shares during the period. Janus Henderson Group PLC acquired a new position in Kura Sushi USA in the first quarter valued at about $205,000. Red Door Wealth Management LLC purchased a new position in Kura Sushi USA during the first quarter worth about $236,000. AXQ Capital LP purchased a new position in Kura Sushi USA during the fourth quarter worth about $220,000. Finally, Quantinno Capital Management LP increased its position in shares of Kura Sushi USA by 14.1% during the first quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after acquiring an additional 909 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company’s menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.