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

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

Analyst Ratings Changes

A number of research firms have recently commented on KRUS. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Citigroup lowered their price objective on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. TD Cowen cut their price objective on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Finally, Freedom Capital raised Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.00.

Kura Sushi USA Price Performance

The stock’s fifty day moving average price is $50.29 and its 200-day moving average price is $56.36. The firm has a market cap of $575.30 million, a PE ratio of -263.29 and a beta of 1.33.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. The firm had revenue of $85.92 million for the quarter, compared to the consensus estimate of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. On average, sell-side analysts anticipate that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KRUS. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA in the second quarter valued at approximately $29,000. Key Financial Inc grew its holdings in Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after buying an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Kura Sushi USA in the 4th quarter worth $36,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.