Wasatch Advisors LP Trims Stock Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Wasatch Advisors LP reduced its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,307 shares of the company's stock after selling 21,989 shares during the period. Wasatch Advisors LP owned approximately 0.74% of Kura Sushi USA worth $8,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. 12 West Capital Management LP raised its holdings in shares of Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock valued at $50,400,000 after purchasing an additional 63,000 shares in the last quarter. Portolan Capital Management LLC increased its stake in Kura Sushi USA by 72.4% in the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock valued at $33,809,000 after purchasing an additional 156,723 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Kura Sushi USA by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 357,842 shares of the company's stock worth $32,413,000 after purchasing an additional 19,025 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Kura Sushi USA by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 142,521 shares of the company's stock valued at $12,913,000 after purchasing an additional 4,192 shares during the period. Finally, State Street Corp increased its position in Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company's stock worth $10,317,000 after buying an additional 1,016 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Price Performance

Kura Sushi USA stock traded down $1.21 during mid-day trading on Monday, hitting $57.29. 177,726 shares of the company were exchanged, compared to its average volume of 203,905. The company has a market capitalization of $691.26 million, a P/E ratio of -84.25 and a beta of 1.72. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $121.99. The business's 50 day simple moving average is $58.11 and its two-hundred day simple moving average is $79.23.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the business earned ($0.09) earnings per share. Equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

KRUS has been the subject of several research reports. Barclays reduced their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Citigroup cut 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 research report on Thursday, April 10th. TD Cowen assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target on the stock. Finally, Lake Street Capital lowered their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Profile