Fmr LLC Has $103.70 Million Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

FMR LLC decreased its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,144,831 shares of the company's stock after selling 101,528 shares during the quarter. FMR LLC owned about 9.48% of Kura Sushi USA worth $103,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA during the 4th quarter worth $31,000. Quantbot Technologies LP purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth about $61,000. KLP Kapitalforvaltning AS acquired a new position in shares of Kura Sushi USA in the fourth quarter worth about $109,000. US Bancorp DE boosted its holdings in Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after purchasing an additional 547 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Kura Sushi USA during the 3rd quarter valued at approximately $237,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

NASDAQ KRUS traded up $3.17 on Friday, reaching $58.50. The company's stock had a trading volume of 411,315 shares, compared to its average volume of 203,219. The firm's 50 day moving average is $58.40 and its two-hundred day moving average is $79.34. The stock has a market cap of $705.86 million, a PE ratio of -86.03 and a beta of 1.72. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup decreased their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. TD Cowen started coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price target for the company. Benchmark reduced their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Barclays lowered their target price on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Lake Street Capital dropped their target price on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Profile