Kura Sushi USA (NASDAQ:KRUS) Trading Down 6.6% - Here's What Happened

Key Points

• Kura Sushi USA's share price fell 6.6% to $66.15 on Tuesday, with trading volume increasing to 287,975 shares.
• Brokerages have given mixed ratings, with Lake Street Capital raising its target price significantly to $98.00 while Wall Street Zen downgraded the stock to a "sell" rating.
• The company reported $0.05 earnings per share for the last quarter, exceeding analysts' estimates and generating revenue of $73.97 million.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price fell 6.6% on Tuesday . The company traded as low as $66.06 and last traded at $66.15. 287,975 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 276,693 shares. The stock had previously closed at $70.79.

Analysts Set New Price Targets

Several brokerages have issued reports on KRUS. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. TD Securities reaffirmed a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Lake Street Capital boosted their target price on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Citigroup upped their target price on shares of Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen lowered Kura Sushi USA from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Kura Sushi USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.78.

Kura Sushi USA Trading Down 8.0%

The company has a 50-day moving average of $81.47 and a 200-day moving average of $70.82. The company has a market capitalization of $787.18 million, a price-to-earnings ratio of -81.39 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.07. The business had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. Kura Sushi USA has set its FY 2025 guidance at EPS. On average, research analysts expect 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 and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Kura Sushi USA by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock worth $18,741,000 after buying an additional 8,201 shares during the last quarter. GAMMA Investing LLC lifted its position in Kura Sushi USA by 30,191.7% during the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock valued at $186,000 after purchasing an additional 3,623 shares during the period. Nuveen LLC purchased a new stake in Kura Sushi USA in the first quarter valued at $797,000. Moody National Bank Trust Division grew its position in Kura Sushi USA by 21.9% during the 1st quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock worth $1,439,000 after purchasing an additional 5,043 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Kura Sushi USA during the 1st quarter worth about $573,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Company Profile

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.