Blueshift Asset Management LLC Takes Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Key Points

• Blueshift Asset Management LLC has invested approximately $248,000 in Kura Sushi USA, acquiring 4,845 shares in the company during the first quarter.
• Institutional investors now own 65.49% of Kura Sushi USA's stock, reflecting growing interest from major firms.
• Kura Sushi USA reported $0.05 earnings per share in the last quarter, surpassing consensus estimates and indicating positive financial performance.

Blueshift Asset Management LLC purchased a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,845 shares of the company's stock, valued at approximately $248,000.

Several other hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its position 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 in the last quarter. US Bancorp DE increased its stake in shares of Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after buying an additional 268 shares during the period. Valmark Advisers Inc. increased its stake in shares of Kura Sushi USA by 4.1% during the first quarter. Valmark Advisers Inc. now owns 7,913 shares of the company's stock worth $405,000 after buying an additional 309 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Kura Sushi USA by 13.3% during the fourth 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. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Trading Down 2.1%

Shares of KRUS stock traded down $1.73 during mid-day trading on Thursday, reaching $82.69. The stock had a trading volume of 41,248 shares, compared to its average volume of 285,604. The company has a market cap of $1.00 billion, a P/E ratio of -102.59 and a beta of 1.80. The business has a 50-day simple moving average of $81.19 and a 200 day simple moving average of $69.22. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. The company had revenue of $73,965 billion for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

KRUS has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Roth Capital reiterated a "buy" rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. TD Securities reissued a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 9th. Finally, Lake Street Capital increased their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Six 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, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average price target of $92.30.

About Kura Sushi USA