Hood River Capital Management LLC Has $18.28 Million Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Hood River Capital Management LLC lifted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 109.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,806 shares of the company's stock after buying an additional 105,316 shares during the quarter. Hood River Capital Management LLC owned approximately 1.67% of Kura Sushi USA worth $18,280,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA in the 4th quarter worth approximately $31,000. Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA during the fourth quarter worth $61,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Kura Sushi USA in the fourth quarter valued at $109,000. US Bancorp DE increased its stake 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, Concourse Financial Group Securities Inc. acquired a new position in Kura Sushi USA in the fourth quarter valued at $215,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded up $1.77 during midday trading on Friday, reaching $62.83. The company had a trading volume of 191,605 shares, compared to its average volume of 207,348. The company has a fifty day simple moving average of $56.37 and a two-hundred day simple moving average of $78.52. The firm has a market cap of $759.30 million, a price-to-earnings ratio of -92.40 and a beta of 1.72. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $121.99.

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 for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to analysts' expectations of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

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

About Kura Sushi USA