Sei Investments Co. Boosts Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Sei Investments Co. boosted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 108.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,094 shares of the company's stock after buying an additional 25,550 shares during the period. Sei Investments Co. owned approximately 0.41% of Kura Sushi USA worth $4,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Kura Sushi USA during the fourth quarter worth $750,000. Barclays PLC increased its position in Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company's stock valued at $914,000 after acquiring an additional 9,229 shares during the period. Rhumbline Advisers lifted its holdings 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 buying an additional 5,567 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 acquiring an additional 1,644 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in Kura Sushi USA by 113.1% during 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 last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction 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 transaction, the director now owns 1,313 shares of the company's stock, valued at $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

KRUS has been the topic of several research reports. Barclays lowered their price objective on shares of Kura Sushi USA from $102.00 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. TD Cowen began 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. TD Securities restated a "hold" rating and set a $72.00 target price on shares of Kura Sushi USA in a research report on Friday. Benchmark lowered their price target on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Lake Street Capital raised shares of Kura Sushi USA from a "hold" rating to a "buy" rating and set a $103.00 price objective for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Kura Sushi USA presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Kura Sushi USA Stock Performance

NASDAQ:KRUS traded down $0.27 during trading hours on Monday, reaching $43.34. The company's stock had a trading volume of 611,878 shares, compared to its average volume of 192,753. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The stock has a 50 day moving average price of $63.61 and a two-hundred day moving average price of $81.48. The company has a market capitalization of $522.94 million, a P/E ratio of -63.73 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) 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, analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile