Marshall Wace LLP Raises Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Marshall Wace LLP boosted its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 85.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,707 shares of the company's stock after purchasing an additional 87,001 shares during the period. Marshall Wace LLP owned about 1.56% of Kura Sushi USA worth $17,093,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KRUS. Portolan Capital Management LLC boosted its holdings in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after buying an additional 156,723 shares during the last quarter. Walleye Capital LLC bought a new stake in Kura Sushi USA in the fourth quarter worth about $616,000. 12 West Capital Management LP boosted its stake in Kura Sushi USA by 12.8% in the fourth quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock valued at $50,400,000 after acquiring an additional 63,000 shares during the last quarter. Next Century Growth Investors LLC bought a new position in shares of Kura Sushi USA during the 4th quarter valued at approximately $5,479,000. Finally, Ranger Investment Management L.P. grew its position in shares of Kura Sushi USA by 5.8% during the 4th quarter. Ranger Investment Management L.P. now owns 109,631 shares of the company's stock valued at $9,930,000 after acquiring an additional 6,030 shares during the period. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Trading Up 2.9 %

Shares of Kura Sushi USA stock traded up $1.77 during trading on Friday, hitting $62.83. The stock had a trading volume of 191,599 shares, compared to its average volume of 206,879. The firm has a market cap of $759.30 million, a price-to-earnings ratio of -92.40 and a beta of 1.72. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The business's 50-day moving average is $56.79 and its 200 day moving average is $78.65.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its 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 return on equity of 0.50% and a negative net margin of 3.08%. The business had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. As a group, equities analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on KRUS. TD Securities reiterated a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a research note on Friday, April 4th. TD Cowen assumed coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. Benchmark lowered their price objective on 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. Barclays cut 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 report on Wednesday, April 9th. Finally, Lake Street Capital cut their price objective on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Company Profile