Stephens Inc. AR lowered its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 746,652 shares of the company's stock after selling 84,492 shares during the quarter. Kura Sushi USA comprises approximately 0.9% of Stephens Inc. AR's investment portfolio, making the stock its 14th largest holding. Stephens Inc. AR owned about 6.19% of Kura Sushi USA worth $67,632,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in KRUS. Quest Partners LLC lifted its position in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company's stock valued at $54,000 after purchasing an additional 471 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA during the 3rd quarter valued at approximately $237,000. Jennison Associates LLC grew its holdings in Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company's stock valued at $427,000 after purchasing an additional 1,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock worth $529,000 after acquiring an additional 1,644 shares during the period. Finally, Millrace Asset Group Inc. purchased a new stake in Kura Sushi USA during the third quarter valued at about $790,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.
Kura Sushi USA Trading Up 1.9 %
Shares of KRUS traded up $1.38 during trading hours on Wednesday, reaching $74.37. 194,265 shares of the company's stock traded hands, compared to its average volume of 189,299. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81. The stock has a market cap of $897.65 million, a PE ratio of -109.37 and a beta of 1.81. The firm's 50 day simple moving average is $87.94 and its 200-day simple moving average is $82.63.
Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly 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 return on equity of 0.50% and a negative net margin of 3.08%. As a group, analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. 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 report on Thursday, November 7th. Lake Street Capital boosted their price objective on Kura Sushi USA from $78.00 to $103.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Piper Sandler raised their target price on Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.
Read Our Latest Analysis on KRUS
Insider Activity at Kura Sushi USA
In other news, Director Seitaro Ishii sold 6,918 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares of the company's stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.
Kura Sushi USA Profile
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