Vanguard Group Inc. Buys 19,025 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Vanguard Group Inc. increased its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,842 shares of the company's stock after purchasing an additional 19,025 shares during the period. Vanguard Group Inc. owned about 2.96% of Kura Sushi USA worth $32,413,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of 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 bought a new position in Kura Sushi USA during the fourth quarter worth about $61,000. KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA during the fourth quarter valued at approximately $109,000. US Bancorp DE raised 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 buying an additional 547 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA during the 3rd quarter worth approximately $237,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KRUS. Barclays cut their price objective on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Citigroup dropped their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Benchmark reduced their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, TD Cowen started coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Stock Up 5.7 %

NASDAQ:KRUS traded up $3.17 during trading hours on Friday, hitting $58.50. 411,315 shares of the stock were exchanged, compared to its average volume of 203,219. The company's 50 day moving average is $58.40 and its two-hundred day moving average is $79.34. The company has a market capitalization of $705.86 million, a P/E ratio of -86.03 and a beta of 1.72. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same quarter in the prior year, the business earned ($0.09) EPS. On average, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Kura Sushi USA Profile