Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 4.9% – Here’s What Happened

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price fell 4.9% during mid-day trading on Thursday . The company traded as low as $72.96 and last traded at $71.92. 9,238 shares traded hands during trading, a decline of 95% from the average session volume of 168,509 shares. The stock had previously closed at $75.66.

Analyst Ratings Changes

Several equities analysts have recently commented on KRUS shares. Lake Street Capital boosted their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Barclays boosted their target price on 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. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Craig Hallum boosted their price target on 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, Piper Sandler increased their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Kura Sushi USA Stock Up 1.5 %

The stock has a market cap of $883.52 million, a P/E ratio of -107.65 and a beta of 1.81. The business has a 50-day simple moving average of $89.09 and a 200-day simple moving average of $81.93.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kura Sushi USA

Large investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after purchasing an additional 390,688 shares during the period. Fred Alger Management LLC grew its position in Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares in the last quarter. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 15.3% during the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares during the period. Rheos Capital Works Inc. raised its holdings in Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after acquiring an additional 12,000 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after acquiring an additional 1,016 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile