Ranger Investment Management L.P. boosted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,631 shares of the company's stock after acquiring an additional 6,030 shares during the quarter. Ranger Investment Management L.P. owned 0.91% of Kura Sushi USA worth $9,930,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth about $31,000. US Bancorp DE increased its holdings in shares of Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after buying an additional 547 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $61,000. Kings Path Partners LLC boosted its holdings in shares of Kura Sushi USA by 8.2% in the 4th quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock worth $998,000 after acquiring an additional 831 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Kura Sushi USA by 47.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,868 shares of the company's stock worth $260,000 after acquiring an additional 924 shares in the last quarter. 65.49% of the stock is owned by institutional investors.
Kura Sushi USA Stock Performance
KRUS traded up $2.25 on Monday, reaching $51.51. The company had a trading volume of 127,219 shares, compared to its average volume of 199,159. The stock has a market cap of $621.52 million, a P/E ratio of -75.75 and a beta of 1.72. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The company's fifty day moving average is $59.94 and its 200 day moving average is $80.05.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results 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). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The firm had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.
Insider Activity at Kura Sushi USA
In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the sale, the director now owns 1,313 shares of the company's stock, valued at $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on KRUS. TD Securities reiterated a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target on the stock. Citigroup dropped their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday. Benchmark decreased their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.20.
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