Jane Street Group LLC Sells 27,684 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Jane Street Group LLC lowered its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 80.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,915 shares of the company's stock after selling 27,684 shares during the period. Jane Street Group LLC owned approximately 0.06% of Kura Sushi USA worth $557,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KRUS. FMR LLC lifted its holdings in shares of Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock worth $100,407,000 after buying an additional 390,688 shares in the last quarter. Fred Alger Management LLC raised its stake in Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company's stock worth $40,731,000 after purchasing an additional 99,515 shares in the last quarter. Verition Fund Management LLC raised its stake in Kura Sushi USA by 914.2% in the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company's stock worth $4,160,000 after purchasing an additional 46,549 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Kura Sushi USA in the 3rd quarter valued at about $2,609,000. Finally, Roubaix Capital LLC grew its position in shares of Kura Sushi USA by 104.8% during the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company's stock worth $4,590,000 after purchasing an additional 29,158 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Wall Street Analysts Forecast Growth

KRUS has been the subject of a number of analyst reports. Craig Hallum lifted their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Northcoast Research began coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price objective for the company. Barclays increased their target price on Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, Piper Sandler boosted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.88.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded up $2.80 during trading on Monday, reaching $103.01. 236,004 shares of the company's stock were exchanged, compared to its average volume of 177,798. The firm's 50-day moving average price is $97.01 and its 200 day moving average price is $79.24. The company has a market cap of $1.23 billion, a P/E ratio of -132.06 and a beta of 1.84. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81.

Kura Sushi USA Company Profile