Dimensional Fund Advisors LP Raises Stake in Kura Sushi USA, Inc. $KRUS

Key Points

• Dimensional Fund Advisors increased its Kura Sushi USA stake by 15.4% in the first quarter, purchasing 25,031 additional shares and bringing its total holdings to 187,906 shares valued at approximately $13.1 million.
• Institutional investors collectively own 65.49% of Kura Sushi USA. The stock opened at $48.83, near its 52-week low of $42.62 and well below its 52-week high of $87.99.
• Kura Sushi USA reported quarterly EPS of $0.03, beating estimates for a $0.05 loss, while revenue of $85.92 million slightly missed expectations. Analysts maintain a consensus “Hold” rating with an average price target of $69.00.

Dimensional Fund Advisors LP boosted its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,906 shares of the company's stock after purchasing an additional 25,031 shares during the quarter. Dimensional Fund Advisors LP owned about 1.55% of Kura Sushi USA worth $13,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kura Sushi USA by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company's stock worth $204,000 after purchasing an additional 613 shares in the last quarter. Jane Street Group LLC raised its stake in Kura Sushi USA by 122.5% during the first quarter. Jane Street Group LLC now owns 18,010 shares of the company's stock valued at $922,000 after buying an additional 9,914 shares during the last quarter. Creative Planning bought a new stake in Kura Sushi USA in the second quarter worth $243,000. Legal & General Group Plc boosted its holdings in Kura Sushi USA by 18.7% in the second quarter. Legal & General Group Plc now owns 7,240 shares of the company's stock worth $623,000 after acquiring an additional 1,139 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Kura Sushi USA by 8.3% in the second quarter. Rhumbline Advisers now owns 9,670 shares of the company's stock worth $832,000 after acquiring an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $48.83 on Friday. Kura Sushi USA, Inc. has a 1 year low of $42.62 and a 1 year high of $87.99. The company has a market cap of $593.28 million, a P/E ratio of -271.26 and a beta of 1.33. The stock's fifty day moving average price is $49.59 and its 200-day moving average price is $58.41.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on KRUS. Citigroup reduced their price target on Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, July 8th. Lake Street Capital cut their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of Kura Sushi USA from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, May 12th. Zacks Research lowered shares of Kura Sushi USA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 6th. Finally, Freedom Capital raised shares of Kura Sushi USA to a "hold" rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Kura Sushi USA currently has an average rating of "Hold" and an average price target of $69.00.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company's concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source