Kura Sushi USA (NASDAQ:KRUS) Trading Down 12.8% After Analyst Downgrade
Kura Sushi USA (NASDAQ:KRUS) shares fell 12.8% following a downgrade by TD Cowen, which lowered its price target from $79 to $59, maintaining a hold rating. The stock traded as low as $47.88, with a last price of $47.7450. Other analysts have also adjusted their ratings, with Weiss Ratings issuing a sell rating and Benchmark lowering its target to $85. The average rating remains a hold with a consensus target of $82.13. Institutional investors hold 65.49% of the stock, which has a market cap of $571.31 million and a negative P/E ratio of -59.15.
Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s stock price traded down 12.8% on Friday after TD Cowen lowered their price target on the stock from $79.00 to $59.00. TD Cowen currently has a hold rating on the stock. Kura Sushi USA traded as low as $47.88 and last traded at $47.7450. 261,680 shares changed hands during trading, a decline of 7% from the average session volume of 280,187 shares. The stock had previously closed at $54.73.
- Kura Sushi Stock Dips Into a Hot Buying Opportunity
Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. Benchmark cut their price target on Kura Sushi USA from $102.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, October 27th. Wall Street Zen lowered Kura Sushi USA from a "hold" rating to a "sell" rating in a report on Saturday, November 1st. Barclays lowered their price target on Kura Sushi USA from $75.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 22nd. Finally, Sanford C. Bernstein set a $67.00 price objective on shares of Kura Sushi USA in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $82.13.
Get Kura Sushi USA alerts:
Get Our Latest Report on KRUS
Institutional Trading of Kura Sushi USA
- Why Now Is the Perfect Time to Bite Into This Restaurant Stock
A number of large investors have recently bought and sold shares of the company. Stephens Inc. AR lifted its position in shares of Kura Sushi USA by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 738,890 shares of the company's stock valued at $63,604,000 after buying an additional 10,968 shares during the last quarter. Granahan Investment Management LLC grew its position in shares of Kura Sushi USA by 9.3% in the first quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock valued at $20,539,000 after purchasing an additional 34,114 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Kura Sushi USA in the second quarter valued at $31,561,000. Vanguard Group Inc. raised its stake in shares of Kura Sushi USA by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock valued at $18,741,000 after purchasing an additional 8,201 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Kura Sushi USA by 17.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company's stock worth $29,780,000 after purchasing an additional 51,574 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.
Kura Sushi USA Stock Performance
The firm has a market cap of $571.31 million, a P/E ratio of -59.15 and a beta of 1.75. The firm has a 50 day simple moving average of $67.11 and a 200 day simple moving average of $72.54.
- 3 Stocks That Look Like Chipotle in the Early Days
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Monday, March 13th. The company reported ($0.13) EPS for the quarter. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The firm had revenue of $29.83 million during the quarter. Sell-side analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.
About Kura Sushi USA
(Get Free Report)Featured Stories
- Five stocks we like better than Kura Sushi USA
- The 3 Best Retail Stocks to Shop for in August
- Netflix Stock Split Explained: What It Means for Investors
- Consumer Discretionary Stocks Explained
- SoundHound Beat Earnings & Dropped—Here's What Wall Street Missed
- Golden Cross Stocks: Pattern, Examples and Charts
- AI Trade Over? Datadog Results Say It's Gaining Momentum
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Kura Sushi USA Right Now?
Before you consider Kura Sushi USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kura Sushi USA wasn't on the list.
While Kura Sushi USA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
