Kura Sushi USA (NASDAQ:KRUS) Trading Down 8.7% – Should You Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares fell 8.7% during mid-day trading on Wednesday . The company traded as low as $92.37 and last traded at $93.34. 93,232 shares were traded during trading, a decline of 42% from the average session volume of 159,919 shares. The stock had previously closed at $102.18.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KRUS. Piper Sandler lifted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday. Barclays lifted their price objective 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. Craig Hallum lifted their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Lake Street Capital lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Kura Sushi USA Price Performance

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -112.27 and a beta of 1.84. The business’s 50-day moving average price is $96.63 and its two-hundred day moving average price is $79.49.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. Equities analysts predict that Kura Sushi USA, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC boosted its holdings in Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares during the period. Janus Henderson Group PLC acquired a new position in Kura Sushi USA in the third quarter worth $237,000. Jennison Associates LLC boosted its holdings 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 period. Rhumbline Advisers boosted its holdings in shares of Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Kura Sushi USA during the second quarter valued at $521,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA