Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $42.27 and last traded at $42.4370, with a volume of 127395 shares trading hands. The stock had previously closed at $44.35.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on KRUS shares. Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kura Sushi USA in a report on Friday, August 7th. DA Davidson set a $65.00 target price on shares of Kura Sushi USA in a research report on Thursday, July 9th. Freedom Capital upgraded Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. Finally, TD Cowen decreased their price target on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of “Hold” and a consensus target price of $69.00.
Read Our Latest Research Report on Kura Sushi USA
Kura Sushi USA Trading Down 4.6%
Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The firm had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $86.45 million. Research analysts predict that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kura Sushi USA by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company’s stock valued at $204,000 after buying an additional 613 shares in the last quarter. Jane Street Group LLC grew its holdings in Kura Sushi USA by 122.5% during the 1st quarter. Jane Street Group LLC now owns 18,010 shares of the company’s stock worth $922,000 after acquiring an additional 9,914 shares in the last quarter. Creative Planning purchased a new position in Kura Sushi USA in the second quarter valued at $243,000. Legal & General Group Plc lifted its stake in Kura Sushi USA by 18.7% during the second quarter. Legal & General Group Plc now owns 7,240 shares of the company’s stock worth $623,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Kura Sushi USA by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 9,670 shares of the company’s stock valued at $832,000 after buying an additional 741 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.
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.
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