Kura Sushi USA (NASDAQ:KRUS) Shares Down 4.8% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price dropped 4.8% on Friday . The stock traded as low as $78.23 and last traded at $77.16. Approximately 40,058 shares changed hands during trading, a decline of 78% from the average daily volume of 184,874 shares. The stock had previously closed at $81.02.

Analyst Ratings Changes

KRUS has been the subject of a number of analyst reports. Barclays increased their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler upped their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Lake Street Capital raised their price target on Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, Craig Hallum increased their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Kura Sushi USA Price Performance

The business has a 50-day moving average of $95.18 and a 200 day moving average of $79.63. The company has a market capitalization of $879.38 million, a PE ratio of -108.19 and a beta of 1.84.

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

Hedge Funds Weigh In On Kura Sushi USA

Several institutional investors have recently bought and sold shares of KRUS. FMR LLC raised its position in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after buying an additional 390,688 shares in the last quarter. Fred Alger Management LLC increased its stake in Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after acquiring an additional 99,515 shares during the last quarter. Portolan Capital Management LLC raised its position in Kura Sushi USA by 15.3% during the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares during the period. Rheos Capital Works Inc. lifted its stake in shares of Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after purchasing an additional 8,146 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile