Kura Sushi USA (NASDAQ:KRUS) Hits New 1-Year Low – Time to Sell?

Kura Sushi USA, Inc. (NASDAQ:KRUS) hit a new 52-week low during mid-day trading 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.

Wall Street Analysts Forecast Growth

KRUS has been the subject of a number of analyst reports. Barclays reduced their price objective on Kura Sushi USA from $102.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock 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 research report on Tuesday, March 25th. Finally, TD Cowen initiated 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 target on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Kura Sushi USA Trading Up 0.2 %

The firm has a 50-day moving average price of $66.08 and a 200-day moving average price of $82.46. The company has a market capitalization of $637.69 million, a price-to-earnings ratio of -77.72 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (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%. Equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction that occurred on 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 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 can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Kura Sushi USA

Large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Kura Sushi USA by 4.2% during the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock valued at $535,000 after purchasing an additional 238 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA during the fourth quarter valued at about $31,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kura Sushi USA by 13.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock worth $360,000 after buying an additional 466 shares during the period. US Bancorp DE increased its position in shares of Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after acquiring an additional 547 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $61,000. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA