Balyasny Asset Management L.P. Buys 5,279 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Balyasny Asset Management L.P. boosted its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,711 shares of the company's stock after acquiring an additional 5,279 shares during the quarter. Balyasny Asset Management L.P. owned 1.76% of Kura Sushi USA worth $19,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Kura Sushi USA by 4.2% in the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company's stock valued at $535,000 after acquiring an additional 238 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA during the 4th quarter worth $31,000. Price T Rowe Associates Inc. MD lifted its holdings in Kura Sushi USA by 13.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company's stock worth $360,000 after buying an additional 466 shares in the last quarter. US Bancorp DE lifted its holdings in 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at $61,000. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Trading Up 12.1%

Shares of Kura Sushi USA stock traded up $7.43 on Monday, hitting $68.66. 193,444 shares of the company traded hands, compared to its average volume of 213,127. The company has a market cap of $829.76 million, a P/E ratio of -101.09 and a beta of 1.55. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $121.99. The firm's 50-day simple moving average is $55.16 and its 200 day simple moving average is $76.50.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced 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). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The company had revenue of $64.89 million for the quarter, compared to analysts' expectations of $66.30 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. Analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the company. Benchmark dropped their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. TD Securities restated a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Barclays decreased 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. Finally, TD Cowen assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.20.

About Kura Sushi USA