Kura Sushi USA (NASDAQ:KRUS) Hits New 12-Month Low – Here’s Why

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares hit a new 52-week low on Wednesday . The company traded as low as $42.27 and last traded at $42.4370, with a volume of 127395 shares trading hands. The stock had previously closed at $44.35.

Analysts Set New Price Targets

KRUS has been the topic of several research analyst reports. Roth Capital reduced their price target on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a research 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 on the stock in a research report on Wednesday, July 8th. Freedom Capital upgraded Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. DA Davidson set a $65.00 target price on Kura Sushi USA in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Hold” and a consensus price target of $69.00.

Kura Sushi USA Trading Down 0.2%

The company has a market cap of $498.58 million, a PE ratio of -227.96 and a beta of 1.32. The firm has a 50 day moving average of $48.15 and a two-hundred day moving average of $54.21.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The company had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. On average, research analysts forecast that Kura Sushi USA, Inc. will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of the stock. Deutsche Bank AG increased its holdings in Kura Sushi USA by 4.2% in the 4th quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock valued at $283,000 after acquiring an additional 218 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 284 shares during the period. Bank of America Corp DE raised its holdings in shares of Kura Sushi USA by 5.4% in the third quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock worth $334,000 after buying an additional 287 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA during the second quarter valued at $29,000. Finally, Key Financial Inc increased its position 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 worth $32,000 after acquiring an additional 540 shares during the period. Hedge funds and other 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.