Kura Sushi USA (NASDAQ:KRUS) Stock Price Down 3%

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares fell 3% on Monday . The company traded as low as $61.06 and last traded at $61.06. 6,989 shares changed hands during trading, a decline of 96% from the average session volume of 162,998 shares. The stock had previously closed at $62.97.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KRUS shares. Citigroup cut their price objective on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Craig Hallum reduced their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Benchmark reiterated a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 10th. Piper Sandler dropped their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Roth Mkm reissued a “buy” rating and set a $70.00 target price (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and an average target price of $71.43.

Kura Sushi USA Trading Down 4.1 %

The firm has a 50-day moving average price of $64.55 and a 200 day moving average price of $89.97. The company has a market cap of $678.24 million, a price-to-earnings ratio of -852.14 and a beta of 1.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KRUS. XTX Topco Ltd bought a new position in Kura Sushi USA during the second quarter valued at about $521,000. Renaissance Technologies LLC acquired a new position in shares of Kura Sushi USA in the 2nd quarter worth $1,155,000. Dimensional Fund Advisors LP raised its position in shares of Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after purchasing an additional 8,146 shares during the period. Roubaix Capital LLC purchased a new stake in shares of Kura Sushi USA during the second quarter valued at $1,755,000. Finally, Rhumbline Advisers boosted its position in shares of Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after purchasing an additional 350 shares during the period. Institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA