SBI Securities Co. Ltd. Takes $750,000 Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

SBI Securities Co. Ltd. acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,281 shares of the company's stock, valued at approximately $750,000. SBI Securities Co. Ltd. owned 0.07% of Kura Sushi USA as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of KRUS. FMR LLC boosted its position in Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock valued at $100,407,000 after buying an additional 390,688 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company's stock valued at $40,731,000 after acquiring an additional 99,515 shares during the last quarter. Portolan Capital Management LLC increased its stake in shares of Kura Sushi USA by 15.3% in the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company's stock worth $17,444,000 after acquiring an additional 28,655 shares during the period. State Street Corp raised its stake in shares of Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company's stock valued at $10,317,000 after buying an additional 1,016 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in Kura Sushi USA by 914.2% during the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company's stock valued at $4,160,000 after acquiring an additional 46,549 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

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Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded up $2.10 during trading on Friday, reaching $58.32. The stock had a trading volume of 252,477 shares, compared to its average volume of 220,371. The business has a fifty day moving average price of $78.29 and a 200-day moving average price of $83.67. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81. 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 (NASDAQ:KRUS - Get Free Report) last announced its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KRUS shares. Piper Sandler boosted their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. TD Securities started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective for the company. Lake Street Capital upgraded Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 target price on the stock in a research report on Friday, February 21st. Craig Hallum lifted their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, TD Cowen initiated coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of "Moderate Buy" and an average price target of $86.20.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.

Kura Sushi USA Company Profile