Kura Sushi USA (NASDAQ:KRUS) Shares Down 5.3% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price fell 5.3% on Monday . The stock traded as low as $84.08 and last traded at $84.50. Approximately 64,411 shares were traded during trading, a decline of 60% from the average daily volume of 162,780 shares. The stock had previously closed at $89.22.

Analyst Ratings Changes

A number of analysts recently weighed in on KRUS shares. Northcoast Research assumed coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Barclays upped their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Craig Hallum boosted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler raised their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Kura Sushi USA Stock Performance

The firm’s 50 day moving average is $87.31 and its 200-day moving average is $79.04. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -110.79 and a beta of 1.86.

Institutional Trading of Kura Sushi USA

Several large investors have recently modified their holdings of the company. FMR LLC boosted 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 valued at $100,407,000 after acquiring an additional 390,688 shares during the period. Fred Alger Management LLC increased its holdings in Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after buying an additional 99,515 shares during the period. Vanguard Group Inc. raised its stake in shares of Kura Sushi USA by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after buying an additional 5,942 shares in the last quarter. Portolan Capital Management LLC boosted its position in shares of Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its stake in Kura Sushi USA by 6.3% in the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after acquiring an additional 12,000 shares during the period. 65.49% of the stock is owned by institutional investors.

About Kura Sushi USA