Kura Sushi USA (NASDAQ:KRUS) Trading Down 6.1% After Analyst Downgrade

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) fell 6.1% on Wednesday after Citigroup lowered their price target on the stock from $116.00 to $71.00. Citigroup currently has a neutral rating on the stock. Kura Sushi USA traded as low as $55.13 and last traded at $55.00. 33,554 shares were traded during mid-day trading, a decline of 82% from the average session volume of 185,904 shares. The stock had previously closed at $58.58.

KRUS has been the subject of several other reports. Benchmark dropped their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. TD Securities assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. TD Cowen initiated coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and an average target price of $87.50.

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the fourth quarter worth $31,000. Quest Partners LLC grew its stake in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the last quarter. Quantbot Technologies LP purchased a new position in Kura Sushi USA during the 4th quarter worth $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the 4th quarter valued at about $77,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA in the fourth quarter valued at about $109,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

The firm has a market cap of $655.91 million, a price-to-earnings ratio of -79.94 and a beta of 1.82. The firm has a fifty day simple moving average of $67.48 and a two-hundred day simple moving average of $82.65.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile