Russell Investments Group Ltd. boosted its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,960 shares of the company's stock after acquiring an additional 32,581 shares during the period. Russell Investments Group Ltd. owned 0.79% of Kura Sushi USA worth $8,601,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at $31,000. Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA during the fourth quarter valued at about $61,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Kura Sushi USA in the 4th quarter valued at approximately $109,000. US Bancorp DE lifted its holdings in shares of Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after acquiring an additional 547 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Kura Sushi USA in the 3rd quarter valued at $237,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.
Kura Sushi USA Trading Up 5.7 %
Shares of Kura Sushi USA stock traded up $3.17 during trading on Friday, reaching $58.50. The company's stock had a trading volume of 411,315 shares, compared to its average volume of 203,219. The firm has a market cap of $705.86 million, a PE ratio of -86.03 and a beta of 1.72. The company has a 50-day moving average price of $58.40 and a two-hundred day moving average price of $79.34. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99.
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 the consensus estimate 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 for the quarter, compared to analyst estimates of $66.30 million. During the same quarter last year, the company posted ($0.09) EPS. On average, analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.
Analysts Set New Price Targets
KRUS has been the topic of a number of recent research reports. TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target on the stock. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Lake Street Capital reduced their price target on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their target price on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, TD Securities reissued a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.20.
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