Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 6.1% – What’s Next?

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) traded down 6.1% on Monday . The company traded as low as $74.28 and last traded at $74.46. 64,010 shares changed hands during trading, a decline of 82% from the average session volume of 351,957 shares. The stock had previously closed at $79.29.

Analysts Set New Price Targets

KRUS has been the subject of several research reports. Loop Capital set a $70.00 price target on Kura Sushi USA in a report on Thursday, January 8th. TD Cowen dropped their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada set a $85.00 target price on shares of Kura Sushi USA in a research note on Tuesday, January 20th. Piper Sandler lifted their target price on shares of Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Finally, Lake Street Capital reissued a “buy” rating and issued a $70.00 price target on shares of Kura Sushi USA in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $76.91.

Kura Sushi USA Price Performance

The firm has a market capitalization of $884.88 million, a P/E ratio of -221.42 and a beta of 1.72. The firm’s 50 day simple moving average is $63.17 and its two-hundred day simple moving average is $65.59.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The firm had revenue of $73.46 million during the quarter, compared to the consensus estimate of $72.98 million. During the same period last year, the business earned ($0.08) EPS. As a group, equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Insider Transactions at Kura Sushi USA

In other news, insider Hajime Uba sold 9,874 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $720,110.82. Following the completion of the transaction, the insider owned 6,026 shares in the company, valued at $439,476.18. This trade represents a 62.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA in the 2nd quarter worth $29,000. Key Financial Inc raised its stake 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 buying an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Kura Sushi USA during the 4th quarter worth about $36,000. Caitong International Asset Management Co. Ltd boosted its stake in Kura Sushi USA by 681.5% during the 3rd 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 raised its holdings in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock valued at $82,000 after acquiring an additional 284 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

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.