Balyasny Asset Management L.P. Boosts Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

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

Other hedge funds have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA in the fourth quarter worth $31,000. Quantbot Technologies LP bought a new stake in Kura Sushi USA in the 4th quarter worth about $61,000. BNP Paribas Financial Markets purchased a new position in Kura Sushi USA in the fourth quarter valued at about $77,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Kura Sushi USA during the 4th quarter valued at approximately $109,000. Finally, US Bancorp DE lifted its stake 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 valued at $163,000 after buying an additional 547 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Trading Up 1.2%

Shares of NASDAQ:KRUS traded up $0.77 on Tuesday, reaching $67.59. 69,256 shares of the company's stock were exchanged, compared to its average volume of 213,048. The company has a fifty day moving average of $55.29 and a 200-day moving average of $76.31. The company has a market capitalization of $816.83 million, a price-to-earnings ratio of -99.40 and a beta of 1.55. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate 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 previous year, the company posted ($0.09) earnings per share. As a group, equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Securities reissued a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Barclays cut their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Citigroup decreased their price target 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. Finally, Benchmark cut their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $77.20.

Kura Sushi USA Company Profile