Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 90.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the company's stock after selling 235,006 shares during the period. Wellington Management Group LLP owned approximately 0.22% of Kura Sushi USA worth $2,014,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company's stock worth $516,000 after purchasing an additional 350 shares during the last quarter. Quest Partners LLC grew its stake in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company's stock worth $54,000 after buying an additional 471 shares during the last quarter. State Street Corp grew its stake in Kura Sushi USA by 0.8% during the 3rd 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 last quarter. Jennison Associates LLC grew its stake in shares of Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company's stock worth $427,000 after acquiring an additional 1,292 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 purchasing an additional 1,644 shares during the last quarter. Institutional investors own 65.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KRUS. Northcoast Research initiated coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They set a "buy" rating and a $79.00 price objective on the stock. Craig Hallum lifted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Barclays increased their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.88.

Kura Sushi USA Stock Up 2.2 %

Shares of Kura Sushi USA stock traded up $2.02 on Thursday, hitting $93.72. 107,103 shares of the company were exchanged, compared to its average volume of 159,371. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -120.15 and a beta of 1.80. The company has a 50-day moving average price of $96.04 and a 200 day moving average price of $78.95.

Kura Sushi USA Profile