King Luther Capital Management Corp boosted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 113.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,497 shares of the company's stock after buying an additional 20,432 shares during the quarter. King Luther Capital Management Corp owned approximately 0.32% of Kura Sushi USA worth $3,487,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in KRUS. FMR LLC lifted its holdings in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock valued at $100,407,000 after purchasing an additional 390,688 shares during the last quarter. Fred Alger Management LLC lifted its holdings in Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company's stock valued at $40,731,000 after purchasing an additional 99,515 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in Kura Sushi USA by 15.3% during the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company's stock valued at $17,444,000 after purchasing an additional 28,655 shares during the last quarter. State Street Corp lifted its holdings in Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company's stock valued at $10,317,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Kura Sushi USA by 914.2% during the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company's stock valued at $4,160,000 after purchasing an additional 46,549 shares during the last quarter. Institutional investors own 65.49% of the company's stock.
Insider Buying and Selling
In related news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.
Kura Sushi USA Stock Up 1.2 %
Shares of KRUS stock traded up $0.59 during trading on Friday, hitting $50.55. The company had a trading volume of 298,612 shares, compared to its average volume of 233,012. The stock's 50-day moving average is $73.65 and its two-hundred day moving average is $83.36. The stock has a market capitalization of $609.94 million, a price-to-earnings ratio of -74.34 and a beta of 1.82. Kura Sushi USA, Inc. has a 52 week low of $48.66 and a 52 week high of $122.81.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. On average, research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. TD Securities 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 target on the stock. 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 target on the stock. Finally, Lake Street Capital raised shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price target on the stock in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.20.
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