Centiva Capital LP Invests $461,000 in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Centiva Capital LP purchased a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,085 shares of the company's stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors have also modified their holdings of KRUS. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA during the 4th quarter valued at about $31,000. Quantbot Technologies LP acquired a new position in Kura Sushi USA during the 4th quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the 4th quarter valued at about $77,000. KLP Kapitalforvaltning AS acquired a new position in Kura Sushi USA during the 4th quarter valued at about $109,000. Finally, US Bancorp DE boosted its stake in 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 purchasing an additional 547 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Kura Sushi USA stock traded up $0.19 during trading hours on Friday, hitting $67.28. The company had a trading volume of 101,032 shares, compared to its average volume of 214,489. The firm has a market capitalization of $813.08 million, a P/E ratio of -98.94 and a beta of 1.55. The firm's fifty day moving average is $55.93 and its 200-day moving average is $75.98. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $117.76.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KRUS shares. Lake Street Capital reduced their target price on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. TD Securities reaffirmed a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a research note on Friday, April 4th. Citigroup reduced 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 note on Thursday, April 10th. Barclays reduced their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Benchmark reduced 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 research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.20.

About Kura Sushi USA