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

Kura Sushi USA logo with Retail/Wholesale background

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.

View Our Latest Research Report on Kura Sushi USA

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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