Rheos Capital Works Inc. Lowers Stock Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rheos Capital Works Inc. lessened its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 31.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 139,000 shares of the company's stock after selling 65,000 shares during the period. Rheos Capital Works Inc. owned approximately 1.15% of Kura Sushi USA worth $12,591,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Kura Sushi USA by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company's stock valued at $11,602,000 after purchasing an additional 8,146 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Kura Sushi USA during the second quarter valued at about $1,155,000. Roubaix Capital LLC raised its holdings in shares of Kura Sushi USA by 104.8% in the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company's stock worth $4,590,000 after acquiring an additional 29,158 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company's stock worth $2,981,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Quest Partners LLC lifted its position in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after acquiring an additional 471 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Trading Down 4.7 %

Shares of KRUS stock traded down $3.56 on Thursday, hitting $72.10. 431,901 shares of the stock were exchanged, compared to its average volume of 186,158. The firm's 50 day moving average is $90.43 and its two-hundred day moving average is $81.85. Kura Sushi USA, Inc. has a one year low of $48.66 and a one year high of $122.81. The firm has a market capitalization of $870.25 million, a PE ratio of -106.03 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results 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, sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the firm'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 completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

KRUS has been the subject of a number of recent research reports. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Craig Hallum raised their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Piper Sandler upped their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Lake Street Capital increased their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.75.

About Kura Sushi USA