Granite Investment Partners LLC Trims Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Granite Investment Partners LLC reduced its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,631 shares of the company's stock after selling 16,849 shares during the quarter. Granite Investment Partners LLC owned approximately 1.22% of Kura Sushi USA worth $8,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Comerica Bank boosted its position in shares of Kura Sushi USA by 58.6% in the first quarter. Comerica Bank now owns 268 shares of the company's stock worth $31,000 after purchasing an additional 99 shares during the period. Quest Partners LLC bought a new position in shares of Kura Sushi USA in the fourth quarter worth approximately $36,000. Headlands Technologies LLC bought a new position in shares of Kura Sushi USA in the first quarter worth approximately $46,000. RiverPark Advisors LLC boosted its position 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 purchasing an additional 1,083 shares during the period. 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 institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KRUS shares. Lake Street Capital dropped their target price on shares of Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, July 10th. Piper Sandler dropped their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, July 11th. Roth Mkm restated a "buy" rating and set a $70.00 target price (down previously from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Barclays dropped their target price on shares of Kura Sushi USA from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 10th. Finally, Benchmark restated 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 five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $72.38.

Kura Sushi USA Stock Down 2.1 %

Kura Sushi USA stock traded down $1.84 during mid-day trading on Friday, reaching $83.97. 226,456 shares of the company's stock traded hands, compared to its average volume of 165,581. The company has a market cap of $943.07 million, a price-to-earnings ratio of -1,197.00 and a beta of 1.87. The stock has a 50 day moving average of $61.75 and a two-hundred day moving average of $84.93. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81.

Kura Sushi USA Company Profile