Walleye Capital LLC Acquires Shares of 6,800 Kura Sushi USA, Inc. (NASDAQ:KRUS)

Walleye Capital LLC acquired a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,800 shares of the company's stock, valued at approximately $616,000. Walleye Capital LLC owned about 0.06% of Kura Sushi USA at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Arcadia Investment Management Corp MI acquired a new stake in Kura Sushi USA in the 4th quarter valued at about $31,000. Quantbot Technologies LP bought a new stake in shares of Kura Sushi USA during the 4th quarter worth $61,000. KLP Kapitalforvaltning AS bought a new stake in shares of Kura Sushi USA during the 4th quarter worth $109,000. US Bancorp DE lifted its position in shares of Kura Sushi USA by 43.5% during 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 during the last quarter. Finally, Wells Fargo & Company MN raised its position in Kura Sushi USA by 47.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,868 shares of the company's stock valued at $260,000 after purchasing an additional 924 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Stock Performance

Kura Sushi USA stock traded down $2.17 during mid-day trading on Monday, reaching $60.66. The stock had a trading volume of 252,851 shares, compared to its average volume of 208,093. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The stock's 50-day simple moving average is $56.03 and its 200-day simple moving average is $78.31. The firm has a market capitalization of $733.08 million, a PE ratio of -89.20 and a beta of 1.72.

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

Analysts Set New Price Targets

KRUS has been the subject of several research reports. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Barclays lowered their price objective on 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. TD Securities restated a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. Benchmark lowered their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Finally, Lake Street Capital lowered their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.20.

About Kura Sushi USA