Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 4.2%

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) were down 4.2% on Monday . The stock traded as low as $78.74 and last traded at $78.96. Approximately 39,961 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 162,713 shares. The stock had previously closed at $82.38.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KRUS shares. Citigroup decreased their price objective on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Barclays decreased their price objective on Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Benchmark reissued a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 10th. Lake Street Capital decreased their price objective on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Finally, Piper Sandler decreased their price objective on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.38.

Kura Sushi USA Price Performance

The company has a 50 day moving average price of $65.24 and a 200 day moving average price of $84.29. The firm has a market cap of $902.41 million, a PE ratio of -1,176.86 and a beta of 1.87.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Comerica Bank raised its stake in shares of Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after purchasing an additional 99 shares during the last quarter. Headlands Technologies LLC purchased a new position in Kura Sushi USA in the first quarter worth $46,000. RiverPark Advisors LLC raised its position in Kura Sushi USA by 293.5% in the first quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock worth $167,000 after acquiring an additional 1,083 shares in the last quarter. Versor Investments LP purchased a new position in Kura Sushi USA in the second quarter worth $233,000. Finally, Red Door Wealth Management LLC purchased a new position in Kura Sushi USA in the first quarter worth $237,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA