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

Wasatch Advisors LP lowered its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,296 shares of the company's stock after selling 16,118 shares during the quarter. Wasatch Advisors LP owned 0.99% of Kura Sushi USA worth $8,966,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company's stock worth $100,407,000 after purchasing an additional 390,688 shares during the period. Fred Alger Management LLC boosted its stake in shares of Kura Sushi USA by 24.5% in the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company's stock worth $40,731,000 after buying an additional 99,515 shares during the last quarter. Verition Fund Management LLC grew its holdings in Kura Sushi USA by 914.2% during the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company's stock worth $4,160,000 after acquiring an additional 46,549 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Kura Sushi USA during the third quarter valued at approximately $2,609,000. Finally, Roubaix Capital LLC lifted its holdings in Kura Sushi USA by 104.8% in the third quarter. Roubaix Capital LLC now owns 56,979 shares of the company's stock valued at $4,590,000 after acquiring an additional 29,158 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Stock Performance

Shares of KRUS stock traded up $1.22 on Friday, reaching $106.92. 70,589 shares of the company were exchanged, compared to its average volume of 194,414. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The business has a 50-day moving average price of $90.96 and a 200 day moving average price of $78.79. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -137.08 and a beta of 1.86.

Wall Street Analyst Weigh In

KRUS has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Craig Hallum raised their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Piper Sandler upped their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Northcoast Research began coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price target for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.88.

Kura Sushi USA Profile