D. E. Shaw & Co. Inc. Decreases Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

D. E. Shaw & Co. Inc. lowered its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,571 shares of the company's stock after selling 13,421 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.58% of Kura Sushi USA worth $6,302,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Kura Sushi USA during the 4th quarter valued at about $31,000. Quantbot Technologies LP acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at approximately $77,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at approximately $109,000. Finally, US Bancorp DE increased its position in Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Trading Down 1.3%

Shares of KRUS traded down $0.84 during mid-day trading on Tuesday, hitting $65.49. The company's stock had a trading volume of 231,215 shares, compared to its average volume of 215,649. The firm has a 50-day simple moving average of $56.45 and a 200 day simple moving average of $75.18. The firm has a market capitalization of $791.45 million, a P/E ratio of -96.31 and a beta of 1.55. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $112.61.

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 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 during the quarter, compared to analyst estimates of $66.30 million. During the same quarter last year, the business earned ($0.09) EPS. As a group, sell-side analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KRUS shares. TD Cowen started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price objective for the company. Citigroup lowered 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 report on Thursday, April 10th. 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. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Finally, TD Securities reissued a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Profile