Kura Sushi USA (NASDAQ:KRUS) Shares Down 4.2% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price dropped 4.2% during mid-day trading on Tuesday . The company traded as low as $47.57 and last traded at $47.53. 75,481 shares were traded during mid-day trading, a decline of 77% from the average session volume of 322,274 shares. The stock had previously closed at $49.62.

Analysts Set New Price Targets

A number of research firms have weighed in on KRUS. Roth Capital reduced their price target on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. TD Cowen cut their price objective 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. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a report on Friday, August 7th. Lake Street Capital decreased their target price on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kura Sushi USA has a consensus rating of “Hold” and an average price target of $69.00.

Kura Sushi USA Stock Down 3.9%

The business has a fifty day moving average price of $50.41 and a 200-day moving average price of $56.76. The company has a market cap of $579.55 million, a P/E ratio of -264.89 and a beta of 1.33.

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

Institutional Trading of Kura Sushi USA

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA during the 2nd quarter valued at $29,000. Key Financial Inc boosted its stake in shares of Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Kura Sushi USA during the fourth quarter valued at about $36,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Kura Sushi USA by 681.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese?style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate?return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef?inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.