Roubaix Capital LLC Has $4.59 Million Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Roubaix Capital LLC boosted its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 104.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,979 shares of the company's stock after acquiring an additional 29,158 shares during the quarter. Kura Sushi USA accounts for about 2.5% of Roubaix Capital LLC's investment portfolio, making the stock its 11th biggest position. Roubaix Capital LLC owned about 0.51% of Kura Sushi USA worth $4,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KRUS. Lazard Asset Management LLC increased its stake in Kura Sushi USA by 144.0% in the first quarter. Lazard Asset Management LLC now owns 62,031 shares of the company's stock valued at $7,143,000 after acquiring an additional 36,609 shares during the period. Russell Investments Group Ltd. grew its stake in Kura Sushi USA by 42.6% during the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company's stock worth $11,895,000 after buying an additional 30,836 shares during the last quarter. Castleark Management LLC bought a new stake in Kura Sushi USA during the first quarter worth about $3,326,000. Lord Abbett & CO. LLC grew its stake in Kura Sushi USA by 28.1% during the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company's stock worth $11,967,000 after buying an additional 22,823 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Kura Sushi USA during the second quarter worth about $1,155,000. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Stock Up 1.2 %

NASDAQ KRUS traded up $1.17 during trading hours on Thursday, hitting $99.82. The company's stock had a trading volume of 102,674 shares, compared to its average volume of 159,247. The stock has a fifty day moving average of $79.13 and a 200 day moving average of $80.77. Kura Sushi USA, Inc. has a twelve month low of $48.66 and a twelve month high of $122.81. The firm has a market capitalization of $1.12 billion, a P/E ratio of -1,409.29 and a beta of 1.89.

Analysts Set New Price Targets

Several brokerages have weighed in on KRUS. Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a "buy" rating and a $79.00 price objective on the stock. Lake Street Capital decreased their price objective on shares of 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. Roth Mkm reissued a "buy" rating and set a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Piper Sandler decreased their price target on shares of Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. Finally, Barclays increased their price target on shares of Kura Sushi USA from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.63.

About Kura Sushi USA