Kura Sushi USA (NASDAQ:KRUS) Reaches New 12-Month Low – Here’s What Happened

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $47.46 and last traded at $51.70, with a volume of 134797 shares traded. The stock had previously closed at $51.60.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Cowen started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Citigroup dropped their price target on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. TD Securities assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Benchmark lowered their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Finally, Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Kura Sushi USA Trading Down 0.8 %

The stock has a market cap of $617.78 million, a price-to-earnings ratio of -75.29 and a beta of 1.82. The stock’s 50 day moving average is $67.04 and its two-hundred day moving average is $82.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently modified their holdings of KRUS. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA during the 4th quarter worth $31,000. Quest Partners LLC lifted its holdings in Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after acquiring an additional 471 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets bought a new position in Kura Sushi USA during the 4th quarter worth $77,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the fourth quarter worth $109,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile