Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 4.2% - Time to Sell?

Key Points

• Kura Sushi USA shares fell 4.2% to $47.53 in thin trading, well below the stock’s 50-day and 200-day moving averages.
• Analyst sentiment is mixed: four analysts rate the stock Buy, six Hold and one Sell, with a consensus price target of $69 versus the current price.
• The company exceeded quarterly EPS expectations, reporting $0.03 versus an estimated loss of $0.05, but revenue slightly missed forecasts and profitability remained weak.

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price fell 4.2% during trading on Tuesday . The company traded as low as $47.57 and last traded at $47.53. 75,481 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 322,274 shares. The stock had previously closed at $49.62.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Lake Street Capital lowered their price objective on Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, July 8th. Zacks Research lowered shares of Kura Sushi USA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 6th. Weiss Ratings reissued a "sell (e+)" rating on shares of Kura Sushi USA in a research note on Friday, August 7th. Wall Street Zen cut Kura Sushi USA from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Roth Capital decreased their target price on Kura Sushi USA from $85.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.00.

Kura Sushi USA Trading Down 3.9%

The company has a 50 day moving average of $50.41 and a 200 day moving average of $56.76. The firm has a market cap of $579.55 million, a price-to-earnings ratio of -264.89 and a beta of 1.33.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in shares of Kura Sushi USA by 4,368.5% during the second quarter. California State Teachers Retirement System now owns 403,726 shares of the company's stock worth $23,238,000 after acquiring an additional 394,691 shares during the period. Grandeur Peak Global Advisors LLC increased its holdings in Kura Sushi USA by 127.2% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 11,988 shares of the company's stock worth $690,000 after purchasing an additional 6,712 shares in the last quarter. Ranger Investment Management L.P. acquired a new stake in shares of Kura Sushi USA in the 2nd quarter valued at about $4,322,000. Moody National Bank Trust Division raised its stake in shares of Kura Sushi USA by 30.1% in the 2nd quarter. Moody National Bank Trust Division now owns 53,463 shares of the company's stock valued at $3,077,000 after purchasing an additional 12,366 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA in the first quarter valued at about $205,000. Institutional investors and hedge funds own 65.49% of the company's stock.

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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