Rhumbline Advisers Purchases 5,567 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rhumbline Advisers lifted its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 70.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,521 shares of the company's stock after buying an additional 5,567 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Kura Sushi USA worth $1,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royce & Associates LP raised its holdings in shares of Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company's stock valued at $2,981,000 after acquiring an additional 4,000 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after acquiring an additional 471 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company's stock valued at $427,000 after acquiring an additional 1,292 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Kura Sushi USA in the 3rd quarter valued at about $2,609,000. Finally, FMR LLC raised its holdings in shares of Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company's stock valued at $100,407,000 after acquiring an additional 390,688 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

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Kura Sushi USA Price Performance

Kura Sushi USA stock traded up $2.10 during trading hours on Friday, reaching $58.32. The stock had a trading volume of 252,480 shares, compared to its average volume of 220,372. The stock has a market cap of $703.69 million, a PE ratio of -85.76 and a beta of 1.82. Kura Sushi USA, Inc. has a 52 week low of $48.66 and a 52 week high of $122.81. The company has a fifty day simple moving average of $77.66 and a 200-day simple moving average of $83.80.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Lake Street Capital raised Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price target on the stock in a report on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Securities initiated coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Finally, TD Cowen started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $86.20.

Kura Sushi USA Profile