6,800 Shares in Kura Sushi USA, Inc. (NASDAQ:KRUS) Bought by Walleye Capital LLC

Walleye Capital LLC bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,800 shares of the company's stock, valued at approximately $616,000. Walleye Capital LLC owned approximately 0.06% of Kura Sushi USA as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. 12 West Capital Management LP grew its holdings in Kura Sushi USA by 12.8% during the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock valued at $50,400,000 after purchasing an additional 63,000 shares in the last quarter. Next Century Growth Investors LLC purchased a new position in Kura Sushi USA in the fourth quarter valued at about $5,479,000. Raymond James Financial Inc. purchased a new position in Kura Sushi USA in the fourth quarter valued at about $4,097,000. Russell Investments Group Ltd. grew its stake in Kura Sushi USA by 52.2% during the 4th quarter. Russell Investments Group Ltd. now owns 94,960 shares of the company's stock valued at $8,601,000 after purchasing an additional 32,581 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Kura Sushi USA by 840.2% during the 4th quarter. JPMorgan Chase & Co. now owns 33,548 shares of the company's stock worth $3,039,000 after purchasing an additional 29,980 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KRUS shares. TD Securities reiterated a "hold" rating and set a $72.00 target price on shares of Kura Sushi USA in a research note on Friday, April 4th. Barclays reduced their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. Lake Street Capital reduced their price target on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Stock Up 0.8 %

Shares of NASDAQ KRUS opened at $58.90 on Wednesday. The firm's 50-day moving average price is $57.44 and its two-hundred day moving average price is $78.91. Kura Sushi USA, Inc. has a 52-week low of $40.03 and a 52-week high of $121.99. The stock has a market capitalization of $710.69 million, a P/E ratio of -86.62 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The company had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. During the same period last year, the business posted ($0.09) EPS. As a group, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Company Profile

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