Kura Sushi USA (NASDAQ:KRUS) Shares Down 5.4% – Should You Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s share price traded down 5.4% during trading on Monday . The stock traded as low as $54.18 and last traded at $54.4870. 28,749 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 343,040 shares. The stock had previously closed at $57.61.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup decreased their price objective on shares of Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Lake Street Capital restated a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kura Sushi USA currently has a consensus rating of “Hold” and a consensus price target of $74.08.

Kura Sushi USA Stock Down 2.9%

The firm’s fifty day moving average is $52.58 and its two-hundred day moving average is $60.34. The firm has a market cap of $679.99 million, a P/E ratio of -345.06 and a beta of 1.33.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently added to or reduced their stakes in KRUS. Stephens Inc. AR increased its holdings in Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after acquiring an additional 267,955 shares in the last quarter. Granahan Investment Management LLC increased its holdings in shares of Kura Sushi USA by 17.3% in the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after buying an additional 116,096 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in shares of Kura Sushi USA in the 3rd quarter valued at approximately $34,586,000. Balyasny Asset Management L.P. bought a new position in Kura Sushi USA during the fourth quarter valued at $19,194,000. Finally, Ameriprise Financial Inc. raised its position in Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after purchasing an additional 51,574 shares during the period. 65.49% of the stock is currently 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.