Kura Sushi USA (NASDAQ:KRUS) Sets New 12-Month Low – Here’s Why

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Friday, February 21st. Benchmark decreased their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. TD Cowen 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 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Finally, 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 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Kura Sushi USA Trading Down 0.8 %

The firm has a market cap of $617.78 million, a P/E ratio of -75.29 and a beta of 1.82. The company’s fifty day moving average price is $67.04 and its two-hundred day moving average price is $82.81.

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

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated 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 approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KRUS. Quest Partners LLC boosted 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 acquiring an additional 471 shares during the last quarter. FMR LLC lifted its holdings in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after acquiring an additional 390,688 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kura Sushi USA by 33.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after acquiring an additional 1,644 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock valued at $4,160,000 after purchasing an additional 46,549 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Kura Sushi USA during the 3rd quarter worth approximately $237,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Kura Sushi USA