Barclays PLC Has $914,000 Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Barclays PLC raised its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 438.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,333 shares of the company's stock after buying an additional 9,229 shares during the quarter. Barclays PLC owned about 0.09% of Kura Sushi USA worth $914,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KRUS. FMR LLC increased its position in Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company's stock worth $100,407,000 after purchasing an additional 390,688 shares in the last quarter. Fred Alger Management LLC lifted its stake in shares of 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 acquiring an additional 99,515 shares during the last quarter. Portolan Capital Management LLC boosted its holdings 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. Rheos Capital Works Inc. boosted its holdings in shares of Kura Sushi USA by 6.3% during the 3rd 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Kura Sushi USA by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company's stock worth $11,602,000 after acquiring an additional 8,146 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KRUS has been the topic of a number of recent research reports. Craig Hallum lifted their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Piper Sandler raised their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Barclays upped their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, November 8th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, Lake Street Capital boosted their price objective on shares of Kura Sushi USA from $78.00 to $103.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Kura Sushi USA currently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Kura Sushi USA Stock Performance

Shares of KRUS stock traded down $2.07 during mid-day trading on Wednesday, hitting $81.75. The company's stock had a trading volume of 188,086 shares, compared to its average volume of 202,077. The company's fifty day simple moving average is $95.89 and its 200-day simple moving average is $79.60. Kura Sushi USA, Inc. has a 52 week low of $48.66 and a 52 week high of $122.81. The company has a market cap of $977.16 million, a PE ratio of -104.81 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 1.22% and a negative net margin of 3.70%. On average, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.09 earnings per share for the current year.

About Kura Sushi USA