Kura Sushi USA (NASDAQ:KRUS) Shares Down 7.6% - Should You Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) dropped 7.6% during mid-day trading on Thursday . The stock traded as low as $87.32 and last traded at $88.55. Approximately 150,104 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 288,801 shares. The stock had previously closed at $95.83.

Analyst Ratings Changes

KRUS has been the topic of several recent research reports. Roth Capital reaffirmed a "buy" rating and issued a $106.00 target price (up previously from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. TD Securities reiterated a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 9th. Finally, Citigroup boosted their target price on shares of Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Price Performance

The stock's 50-day simple moving average is $77.54 and its 200 day simple moving average is $68.74. The stock has a market capitalization of $1.09 billion, a P/E ratio of -112.95 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping 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 firm had revenue of $73,965 billion during the quarter, compared to analysts' expectations of $71.82 million. As a group, analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kura Sushi USA

A number of institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Kura Sushi USA during the fourth quarter worth about $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the fourth quarter worth about $77,000. KLP Kapitalforvaltning AS acquired a new position in Kura Sushi USA during the fourth quarter worth about $109,000. AlphaQuest LLC acquired a new position in Kura Sushi USA during the first quarter worth about $68,000. Finally, US Bancorp DE raised its stake in Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after acquiring an additional 268 shares in the last quarter. Institutional investors own 65.49% of the company's stock.

About Kura Sushi USA