Roubaix Capital LLC Takes Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Roubaix Capital LLC purchased a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,821 shares of the company's stock, valued at approximately $1,755,000. Roubaix Capital LLC owned 0.25% of Kura Sushi USA as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Comerica Bank raised its stake in Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company's stock valued at $31,000 after purchasing an additional 99 shares during the period. Quest Partners LLC purchased a new stake in Kura Sushi USA during the 4th quarter valued at approximately $36,000. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA during the first quarter valued at approximately $46,000. RiverPark Advisors LLC lifted its holdings in shares of Kura Sushi USA by 293.5% in the first quarter. RiverPark Advisors LLC now owns 1,452 shares of the company's stock worth $167,000 after buying an additional 1,083 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Kura Sushi USA during the second quarter worth $233,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KRUS has been the topic of a number of research reports. Roth Mkm reiterated a "buy" rating and issued a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Craig Hallum decreased their target price on Kura Sushi USA from $120.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, July 10th. Barclays cut their price target on Kura Sushi USA from $65.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, July 10th. Lake Street Capital reduced their price objective on Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, July 10th. Finally, Benchmark reiterated a "buy" rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $71.43.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock traded down $0.17 during trading on Thursday, hitting $62.99. The stock had a trading volume of 75,559 shares, compared to its average volume of 161,196. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81. The stock has a market cap of $707.44 million, a PE ratio of -899.71 and a beta of 1.87. The firm's fifty day simple moving average is $59.18 and its 200-day simple moving average is $86.74.

About Kura Sushi USA