Granite Investment Partners LLC Has $12.99 Million Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Granite Investment Partners LLC lowered its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,456 shares of the company's stock after selling 25,721 shares during the quarter. Granite Investment Partners LLC owned approximately 1.19% of Kura Sushi USA worth $12,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kura Sushi USA by 33.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock valued at $529,000 after acquiring an additional 1,644 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Kura Sushi USA in the third quarter worth $237,000. State Street Corp grew its holdings in shares of 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 buying an additional 1,016 shares in the last quarter. Barclays PLC lifted its stake in Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company's stock worth $914,000 after acquiring an additional 9,229 shares in the last quarter. Finally, Kings Path Partners LLC boosted its position in Kura Sushi USA by 8.2% during 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 during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Stock Up 5.7 %

NASDAQ KRUS traded up $3.17 during trading on Friday, hitting $58.50. The company's stock had a trading volume of 411,315 shares, compared to its average volume of 203,219. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $121.99. The firm has a market cap of $705.86 million, a P/E ratio of -86.03 and a beta of 1.72. The firm has a 50 day moving average price of $58.40 and a 200 day moving average price of $79.34.

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

Analysts Set New Price Targets

KRUS has been the subject of several research reports. Citigroup decreased their price target on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Benchmark reduced their price target on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Lake Street Capital dropped their price objective 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. Finally, Barclays reduced their target price on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Kura Sushi USA presently has an average rating of "Moderate Buy" and a consensus target price of $77.20.

About Kura Sushi USA