JPMorgan Chase & Co. Buys 29,980 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

JPMorgan Chase & Co. increased its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 840.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,548 shares of the company's stock after purchasing an additional 29,980 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Kura Sushi USA worth $3,039,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Kura Sushi USA during the 4th quarter valued at about $4,097,000. Sei Investments Co. grew its holdings in Kura Sushi USA by 108.5% during the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company's stock valued at $4,447,000 after purchasing an additional 25,550 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Kura Sushi USA by 41.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 78,948 shares of the company's stock valued at $7,151,000 after purchasing an additional 22,991 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Kura Sushi USA by 113.1% in the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after buying an additional 20,432 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Kura Sushi USA by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company's stock worth $32,413,000 after buying an additional 19,025 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Stock Performance

Shares of NASDAQ KRUS traded up $1.46 during midday trading on Friday, reaching $62.52. 123,564 shares of the company traded hands, compared to its average volume of 206,644. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The stock's 50-day simple moving average is $56.79 and its 200-day simple moving average is $78.65. The firm has a market cap of $755.49 million, a PE ratio of -91.83 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KRUS shares. Benchmark cut their target price 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. Lake Street Capital lowered their target price 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. TD Securities reiterated a "hold" rating and set a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a "hold" rating and a $72.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of "Moderate Buy" and an average price target of $77.20.

About Kura Sushi USA