Kura Sushi USA (NASDAQ:KRUS) Trading Down 7.5% - Here's Why

Key Points

• Kura Sushi USA's stock price fell by 7.5% to $76.88 during mid-day trading, with a notable decline in trading volume.
• Analysts have varying ratings for Kura Sushi USA, with six recommending a buy and a consensus price target of $92.30, reflecting an overall "Moderate Buy" outlook.
• The company reported an earnings beat for the last quarter with an EPS of $0.05, exceeding expectations and generating revenue of $73.97 million.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price traded down 7.5% during mid-day trading on Friday . The company traded as low as $76.89 and last traded at $76.88. 141,984 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 286,376 shares. The stock had previously closed at $83.13.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KRUS shares. Barclays boosted their price objective on shares of Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Lake Street Capital boosted their target price on Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Roth Capital restated a "buy" rating and set a $106.00 target price (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Finally, Citigroup increased 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Trading Down 6.6%

The company has a market capitalization of $938.30 million, a P/E ratio of -97.01 and a beta of 1.80. The company's 50 day moving average is $81.53 and its 200-day moving average is $69.28.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $73,965 billion for the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC purchased a new position in Kura Sushi USA during the first quarter valued at approximately $68,000. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA during the fourth quarter valued at $77,000. US Bancorp DE raised its position in shares of Kura Sushi USA by 14.8% during the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after buying an additional 268 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA in the 4th quarter worth approximately $109,000. Finally, Corebridge Financial Inc. boosted its stake in Kura Sushi USA by 12.2% during the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock worth $169,000 after buying an additional 360 shares during the period. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA

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