Driehaus Capital Management LLC Makes New $24.06 Million Investment in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Driehaus Capital Management LLC acquired a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 265,660 shares of the company's stock, valued at approximately $24,063,000. Driehaus Capital Management LLC owned approximately 2.20% of Kura Sushi USA at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Kura Sushi USA by 4.2% during the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company's stock worth $535,000 after purchasing an additional 238 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Kura Sushi USA in the 4th quarter worth approximately $31,000. Price T Rowe Associates Inc. MD lifted its holdings in Kura Sushi USA by 13.3% in 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 during the period. US Bancorp DE grew its position in shares of Kura Sushi USA by 43.5% in 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, Quantbot Technologies LP bought a new position in shares of Kura Sushi USA during the fourth quarter valued at approximately $61,000. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock traded up $2.68 during trading hours on Wednesday, reaching $69.79. The company's stock had a trading volume of 127,091 shares, compared to its average volume of 213,500. The firm has a 50 day moving average price of $55.51 and a 200-day moving average price of $76.24. The stock has a market cap of $843.41 million, a P/E ratio of -102.63 and a beta of 1.55. Kura Sushi USA, Inc. has a one year low of $40.03 and a one year high of $117.76.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its 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 return on equity of 0.50% and a negative net margin of 3.08%. The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. During the same quarter last year, the business posted ($0.09) EPS. As a group, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on KRUS. Benchmark decreased their price objective 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. Barclays cut their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Lake Street Capital decreased 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 reissued a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Finally, William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average price target of $77.20.

About Kura Sushi USA