Royce & Associates LP trimmed its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,000 shares of the company's stock after selling 14,000 shares during the quarter. Royce & Associates LP owned 0.19% of Kura Sushi USA worth $2,083,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of KRUS. King Luther Capital Management Corp lifted its stake in shares of Kura Sushi USA by 113.1% in the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock valued at $3,487,000 after purchasing an additional 20,432 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $4,097,000. Charles Schwab Investment Management Inc. lifted its holdings in Kura Sushi USA by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,144 shares of the company's stock valued at $4,361,000 after purchasing an additional 2,648 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kura Sushi USA in the fourth quarter worth about $750,000. Finally, US Bancorp DE boosted its holdings in shares of Kura Sushi USA by 43.5% during 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 last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.
Insider Activity at Kura Sushi USA
In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now owns 1,313 shares of the company's stock, 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 currently owned by company insiders.
Kura Sushi USA Stock Performance
KRUS traded down $3.19 during trading on Tuesday, hitting $58.58. The stock had a trading volume of 341,004 shares, compared to its average volume of 185,557. The firm has a market capitalization of $706.83 million, a P/E ratio of -86.15 and a beta of 1.82. Kura Sushi USA, Inc. has a twelve month low of $48.66 and a twelve month high of $122.81. The company's 50-day moving average price is $69.07 and its 200 day moving average price is $83.08.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, equities analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on KRUS shares. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Benchmark lowered 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. TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price on the stock. Lake Street Capital raised shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price target for the company in a research report on Friday, February 21st. Finally, TD Securities initiated coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Five investment 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.20.
Check Out Our Latest Stock Report on Kura Sushi USA
Kura Sushi USA Company Profile
(
Free Report)
Featured Stories
Before you consider Kura Sushi USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kura Sushi USA wasn't on the list.
While Kura Sushi USA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
