Portolan Capital Management LLC Has $33.81 Million Stock Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Portolan Capital Management LLC boosted its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 72.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373,253 shares of the company's stock after purchasing an additional 156,723 shares during the period. Kura Sushi USA comprises approximately 2.3% of Portolan Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Portolan Capital Management LLC owned approximately 3.09% of Kura Sushi USA worth $33,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRUS. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA during the fourth quarter worth about $31,000. Quantbot Technologies LP acquired a new stake in Kura Sushi USA during the 4th quarter valued at approximately $61,000. KLP Kapitalforvaltning AS bought a new position in Kura Sushi USA during the 4th quarter worth approximately $109,000. US Bancorp DE lifted its position in shares of Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA in the 3rd quarter valued at $237,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRUS has been the topic of several recent analyst reports. Lake Street Capital dropped their target price on shares of 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 Cowen started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective on the stock. Benchmark decreased their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. TD Securities reissued a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a research note on Friday, April 4th. Finally, Citigroup cut their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kura Sushi USA currently has a consensus rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Trading Up 5.7 %

NASDAQ KRUS traded up $3.17 during mid-day trading on Friday, hitting $58.50. The company's stock had a trading volume of 411,315 shares, compared to its average volume of 203,600. The firm has a market capitalization of $705.86 million, a price-to-earnings ratio of -86.03 and a beta of 1.72. The company's 50 day simple moving average is $58.11 and its 200 day simple moving average is $79.21. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned ($0.09) earnings per share. As a group, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Kura Sushi USA Profile