Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Position Increased by 12 West Capital Management LP

12 West Capital Management LP grew its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 556,415 shares of the company's stock after buying an additional 63,000 shares during the quarter. Kura Sushi USA accounts for about 5.3% of 12 West Capital Management LP's portfolio, making the stock its 6th largest holding. 12 West Capital Management LP owned about 4.61% of Kura Sushi USA worth $50,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Kura Sushi USA during the 4th quarter worth about $31,000. Quantbot Technologies LP acquired a new stake in Kura Sushi USA in the fourth quarter valued at approximately $61,000. KLP Kapitalforvaltning AS acquired a new position in shares of 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% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after buying an additional 547 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Kura Sushi USA during the 3rd quarter valued at approximately $237,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KRUS shares. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Benchmark reduced their target price 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 lowered their price target on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Finally, TD Securities reaffirmed a "hold" rating and set a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Kura Sushi USA has a consensus rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Price Performance

KRUS traded up $3.17 during trading hours on Friday, reaching $58.50. The company's stock had a trading volume of 411,315 shares, compared to its average volume of 203,219. The business's 50-day moving average is $58.40 and its 200-day moving average is $79.34. The stock has a market cap of $705.86 million, a PE ratio of -86.03 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.

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 analysts' consensus estimates of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to analysts' expectations 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 quarter in the prior year, the company posted ($0.09) earnings per share. Analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

About Kura Sushi USA