Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 7.5% - What's Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s stock price fell 7.5% on Monday . The company traded as low as $83.60 and last traded at $83.96. 251,071 shares were traded during mid-day trading, an increase of 12% from the average session volume of 223,709 shares. The stock had previously closed at $90.76.

Analysts Set New Price Targets

A number of research firms recently weighed in on KRUS. TD Securities restated a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a research report on Friday, April 4th. Barclays boosted their price objective on Kura Sushi USA from $52.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Lake Street Capital dropped their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Benchmark dropped their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.10.

Kura Sushi USA Price Performance

The company has a market capitalization of $1.02 billion, a PE ratio of -94.10 and a beta of 1.67. The company has a 50 day moving average of $72.03 and a two-hundred day moving average of $69.98.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. The firm had revenue of $64.89 million during the quarter, compared to analysts' expectations of $66.30 million. During the same period in the previous year, the company earned ($0.09) earnings per share. On average, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently modified their holdings of the stock. Driehaus Capital Management LLC purchased a new stake in shares of Kura Sushi USA during the fourth quarter valued at $24,063,000. Portolan Capital Management LLC raised its stake in shares of Kura Sushi USA by 72.4% in the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after buying an additional 156,723 shares during the period. Hood River Capital Management LLC raised its stake in Kura Sushi USA by 109.1% during the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company's stock valued at $18,280,000 after purchasing an additional 105,316 shares during the period. Millennium Management LLC raised its stake in Kura Sushi USA by 1,334.5% during the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company's stock valued at $9,906,000 after purchasing an additional 101,739 shares during the period. Finally, Marshall Wace LLP raised its stake in Kura Sushi USA by 85.5% during the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company's stock valued at $17,093,000 after purchasing an additional 87,001 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA

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