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

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 fell 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 traded hands during trading, a decline of 50% from the average session volume of 286,376 shares. The stock had previously closed at $83.13.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KRUS. Roth Capital restated a "buy" rating and set a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup raised their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Barclays raised their price objective on 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. Finally, Wall Street Zen upgraded Kura Sushi USA from a "strong sell" rating to a "hold" rating in a research note on Saturday, July 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Stock Down 0.7%

The stock has a market capitalization of $946.83 million, a P/E ratio of -97.23 and a beta of 1.80. The business has a fifty day moving average price of $82.12 and a 200-day moving average price of $69.21.

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

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors have recently added to or reduced their stakes in the company. Pacifica Capital Investments LLC bought a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $3,504,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $543,000. Segall Bryant & Hamill LLC lifted its stake in shares of Kura Sushi USA by 20.5% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 92,506 shares of the company's stock valued at $7,963,000 after purchasing an additional 15,727 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Kura Sushi USA by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 9,670 shares of the company's stock valued at $832,000 after purchasing an additional 741 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Kura Sushi USA in the 2nd quarter valued at approximately $332,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

About Kura Sushi USA