Kura Sushi USA (NASDAQ:KRUS) Sets New 52-Week Low - Here's What Happened

Key Points

• Kura Sushi USA shares fell 4.6% to a new 52-week low of $42.27, well below their 50-day and 200-day moving averages of $48.79 and $54.63, respectively.
• Analyst sentiment is mixed but leans toward caution: the stock has a consensus “Hold” rating and a $69 target price, with some firms recently lowering targets and issuing sell or neutral ratings.
• The company slightly exceeded quarterly EPS expectations, reporting $0.03 versus an expected loss of $0.05, but revenue missed estimates and profitability remained weak, with a negative net margin and analysts forecasting a full-year loss.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $42.27 and last traded at $42.4370, with a volume of 127395 shares trading hands. The stock had previously closed at $44.35.

Wall Street Analysts Forecast Growth

Several analysts have commented on KRUS shares. Wall Street Zen cut shares of Kura Sushi USA from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Lake Street Capital cut their price objective on Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Freedom Capital raised Kura Sushi USA to a "hold" rating in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Finally, Citigroup cut their target price on shares of Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $69.00.

Kura Sushi USA Stock Down 4.6%

The stock has a 50 day moving average price of $48.79 and a 200 day moving average price of $54.63. The stock has a market capitalization of $514.19 million, a price-to-earnings ratio of -235.05 and a beta of 1.32.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.08. The firm had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. Sell-side analysts forecast that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently made changes to their positions in KRUS. Raymond James Financial Inc. bought a new position in shares of Kura Sushi USA during the 2nd quarter valued at $29,000. Key Financial Inc lifted its stake in shares of Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company's stock valued at $32,000 after purchasing an additional 540 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company's stock valued at $50,000 after buying an additional 736 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company's stock worth $79,000 after purchasing an additional 646 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock valued at $82,000 after buying an additional 284 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company's concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.

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