Kura Sushi USA (NASDAQ:KRUS) Trading Down 7.5% - Should You Sell?

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

Analysts Set New Price Targets

KRUS has been the topic of a number of research reports. Lake Street Capital boosted their target price on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays increased their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday. Citigroup lifted their target price on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a report on Wednesday. Finally, William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.27.

Kura Sushi USA Price Performance

The firm's fifty day moving average is $73.43 and its 200 day moving average is $70.09. The firm has a market capitalization of $899.25 million, a price-to-earnings ratio of -92.98 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The company had revenue of $73,965 billion during the quarter, compared to analyst estimates of $71.82 million. Equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Kura Sushi USA by 30,191.7% in the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after buying an additional 3,623 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Kura Sushi USA by 21.9% in the 1st quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock valued at $1,439,000 after purchasing an additional 5,043 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Kura Sushi USA by 113.1% in the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after purchasing an additional 20,432 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in Kura Sushi USA during the first quarter worth $1,244,000. Finally, Sei Investments Co. raised its holdings in Kura Sushi USA by 108.5% during the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company's stock valued at $4,447,000 after buying an additional 25,550 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Kura Sushi USA