Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Acquired by Formula Growth Ltd.

Formula Growth Ltd. boosted its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,563 shares of the company's stock after acquiring an additional 7,328 shares during the period. Formula Growth Ltd. owned about 0.34% of Kura Sushi USA worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRUS. Concourse Financial Group Securities Inc. purchased a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $215,000. Marshall Wace LLP lifted its holdings in Kura Sushi USA by 85.5% during the fourth quarter. Marshall Wace LLP now owns 188,707 shares of the company's stock worth $17,093,000 after buying an additional 87,001 shares during the period. Portolan Capital Management LLC increased its holdings in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock valued at $33,809,000 after acquiring an additional 156,723 shares during the period. Walleye Capital LLC bought a new position in shares of Kura Sushi USA in the 4th quarter worth $616,000. Finally, 12 West Capital Management LP lifted its stake in shares of 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 worth $50,400,000 after purchasing an additional 63,000 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Stock Down 0.1 %

Shares of KRUS stock traded down $0.08 during trading hours on Monday, hitting $58.42. 311,822 shares of the company's stock were exchanged, compared to its average volume of 204,397. The firm has a 50 day moving average of $57.79 and a two-hundred day moving average of $79.05. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The firm has a market cap of $704.90 million, a P/E ratio of -85.91 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.08% and a negative return on equity of 0.50%. The company had revenue of $64.89 million for the quarter, compared to analysts' expectations of $66.30 million. During the same period in the previous year, the business earned ($0.09) earnings per share. On average, equities analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KRUS has been the subject of several analyst reports. Lake Street Capital decreased their price target on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Benchmark lowered their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Barclays reduced their target price on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Citigroup reduced their target price 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. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.20.

Kura Sushi USA Profile