Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 4.1% - Time to Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shares traded down 4.1% during trading on Monday . The company traded as low as $60.55 and last traded at $60.26. 67,181 shares traded hands during trading, a decline of 76% from the average session volume of 281,010 shares. The stock had previously closed at $62.83.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen began coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective for the company. Lake Street Capital cut their price target on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Benchmark reduced their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. TD Securities reissued a "hold" rating and set a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. Finally, Barclays lowered their target price on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Price Performance

The company's 50-day simple moving average is $55.42 and its 200-day simple moving average is $77.88. The stock has a market capitalization of $749.45 million, a P/E ratio of -91.20 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The company had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter in the prior year, the business earned ($0.09) EPS. On average, analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake in shares of Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company's stock worth $914,000 after purchasing an additional 9,229 shares during the last quarter. Kings Path Partners LLC grew its stake in shares of Kura Sushi USA by 8.2% in the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock worth $998,000 after acquiring an additional 831 shares during the period. Moody National Bank Trust Division grew its position in Kura Sushi USA by 13.4% during the fourth quarter. Moody National Bank Trust Division now owns 23,067 shares of the company's stock valued at $2,089,000 after buying an additional 2,728 shares during the period. Calamos Advisors LLC bought a new stake in Kura Sushi USA during the 4th quarter valued at approximately $1,567,000. Finally, Rhumbline Advisers boosted its position in shares of Kura Sushi USA by 70.0% during the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock worth $1,225,000 after acquiring an additional 5,567 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Company Profile