Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 5.2% – Should You Sell?

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) traded down 5.2% during mid-day trading on Tuesday . The stock traded as low as $52.52 and last traded at $52.42. 66,970 shares changed hands during trading, a decline of 77% from the average session volume of 290,337 shares. The stock had previously closed at $55.27.

Wall Street Analyst Weigh In

KRUS has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Monday, December 22nd. Wall Street Zen upgraded Kura Sushi USA from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Barclays cut their price target on shares of Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Sanford C. Bernstein set a $67.00 target price on shares of Kura Sushi USA in a research note on Wednesday, October 22nd. Finally, Benchmark reduced their price target on shares of Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.13.

Kura Sushi USA Price Performance

The firm has a market capitalization of $631.22 million, a price-to-earnings ratio of -327.81 and a beta of 1.71. The firm has a 50 day moving average price of $53.10 and a 200-day moving average price of $68.54.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Monday, March 13th. The company reported ($0.13) EPS for the quarter. The company had revenue of $29.83 million for the quarter. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%. Equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA in the second quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after acquiring an additional 736 shares during the last quarter. AlphaQuest LLC acquired a new position in Kura Sushi USA in the first quarter valued at approximately $68,000. BNP Paribas Financial Markets increased its stake in Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

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.