Corient Private Wealth LP Purchases Shares of 38,550 Kura Sushi USA, Inc. $KRUS

Corient Private Wealth LP purchased a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 38,550 shares of the company's stock, valued at approximately $2,219,000. Corient Private Wealth LP owned about 0.32% of Kura Sushi USA as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Kura Sushi USA by 15.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company's stock valued at $13,110,000 after buying an additional 25,031 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Kura Sushi USA by 92.1% during the 1st quarter. Sei Investments Co. now owns 44,162 shares of the company's stock worth $3,082,000 after acquiring an additional 21,174 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in Kura Sushi USA in the 2nd quarter valued at about $4,322,000. Meros Investment Management LP acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $6,607,000. Finally, Stephens Inc. AR boosted its position in shares of Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company's stock valued at $77,276,000 after acquiring an additional 267,955 shares during the period. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Trading Down 0.4%

NASDAQ KRUS opened at $37.20 on Thursday. The company has a market cap of $451.98 million, a P/E ratio of -206.66 and a beta of 1.32. The company has a fifty day simple moving average of $45.33 and a 200 day simple moving average of $52.18. Kura Sushi USA, Inc. has a 12-month low of $33.97 and a 12-month high of $80.84.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.08. The company had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. Sell-side analysts predict that Kura Sushi USA, Inc. will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup decreased their price target on Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Kura Sushi USA in a research note on Friday, August 7th. DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a report on Thursday, July 9th. Wall Street Zen raised Kura Sushi USA from a "sell" rating to a "hold" rating in a report on Saturday, September 12th. Finally, Roth Capital dropped their price target on shares of Kura Sushi USA from $85.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $69.00.

Kura Sushi USA Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company's menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.

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