Kura Sushi USA (NASDAQ:KRUS) Trading Down 6.4% – Time to Sell?

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) traded down 6.4% on Tuesday . The company traded as low as $53.50 and last traded at $54.15. 182,333 shares changed hands during trading, a decline of 17% from the average session volume of 220,343 shares. The stock had previously closed at $57.82.

Wall Street Analyst Weigh In

KRUS has been the subject of several analyst reports. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Cowen assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. TD Securities assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target on the stock. Finally, Lake Street Capital raised Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Kura Sushi USA Stock Down 8.1 %

The stock’s 50 day moving average is $74.64 and its two-hundred day moving average is $83.36. The company has a market capitalization of $602.82 million, a PE ratio of -73.47 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate 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 fiscal year.

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction 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 completion of the sale, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Several hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Kura Sushi USA during the 4th quarter valued at about $750,000. Barclays PLC boosted its position in Kura Sushi USA by 438.6% in the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after buying an additional 9,229 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Kura Sushi USA in the 3rd quarter worth approximately $2,609,000. Rhumbline Advisers raised its position in Kura Sushi USA by 70.0% during the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after buying an additional 5,567 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kura Sushi USA by 33.4% in the 3rd 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 last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA