Segall Bryant & Hamill LLC Acquires 22,991 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Segall Bryant & Hamill LLC lifted its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 41.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,948 shares of the company's stock after purchasing an additional 22,991 shares during the quarter. Segall Bryant & Hamill LLC owned 0.65% of Kura Sushi USA worth $7,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KRUS. SBI Securities Co. Ltd. acquired a new position in shares of Kura Sushi USA in the fourth quarter worth about $750,000. Barclays PLC boosted its stake in Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company's stock worth $914,000 after purchasing an additional 9,229 shares during the period. Rhumbline Advisers grew its position in Kura Sushi USA by 70.0% during the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock worth $1,225,000 after purchasing an additional 5,567 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kura Sushi USA by 33.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock valued at $529,000 after purchasing an additional 1,644 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Kura Sushi USA by 113.1% in the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after buying an additional 20,432 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

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Analysts Set New Price Targets

KRUS has been the topic of several recent analyst reports. 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 research report on Friday, February 21st. TD Cowen assumed 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 target for the company. TD Securities started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. Benchmark dropped their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Citigroup cut their target price on shares of Kura Sushi USA from $116.00 to $71.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.50.

Insiders Place Their Bets

In other news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction that occurred 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 transaction, the director now owns 1,313 shares of the company's stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.30% of the company's stock.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded down $0.40 during midday trading on Monday, reaching $51.20. 259,250 shares of the company's stock traded hands, compared to its average volume of 189,294. Kura Sushi USA, Inc. has a 52 week low of $47.46 and a 52 week high of $121.99. The company's 50 day simple moving average is $66.60 and its 200 day simple moving average is $82.63. The company has a market cap of $617.78 million, a price-to-earnings ratio of -75.29 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

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