Raymond James Financial Inc. acquired a new position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,226 shares of the company's stock, valued at approximately $4,097,000. Raymond James Financial Inc. owned about 0.37% of Kura Sushi USA at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA during the 4th quarter worth $31,000. Quest Partners LLC increased its stake in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company's stock worth $54,000 after purchasing an additional 471 shares during the period. US Bancorp DE lifted its position in shares of Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Kura Sushi USA during the 3rd quarter valued at approximately $237,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kura Sushi USA by 33.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock valued at $529,000 after buying an additional 1,644 shares during the last quarter. 65.49% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Citigroup cut their price target on Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating for the company in a report on Wednesday. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price target for the company in a report on Friday, February 21st. Benchmark dropped their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, TD Cowen assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.50.
Read Our Latest Report on Kura Sushi USA
Kura Sushi USA Trading Down 5.1 %
NASDAQ KRUS traded down $2.76 on Friday, reaching $51.60. The company's stock had a trading volume of 231,712 shares, compared to its average volume of 189,014. Kura Sushi USA, Inc. has a 52 week low of $48.66 and a 52 week high of $121.99. The firm has a market cap of $622.61 million, a PE ratio of -75.88 and a beta of 1.82. The business has a 50-day moving average price of $67.04 and a 200 day moving average price of $82.81.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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%. Analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.
Insider Buying and Selling at Kura Sushi USA
In related news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares of the company's stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company's stock.
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