Driehaus Capital Management LLC Cuts Stake in Kura Sushi USA, Inc. $KRUS

Key Points

• Driehaus Capital Management LLC reduced its stake in Kura Sushi USA by 57.2%, now owning 113,632 shares valued at approximately $5.82 million.
• Institutional investors collectively own 65.49% of Kura Sushi’s stock, indicating significant interest and support from the investment community.
• Kura Sushi USA has received multiple buy ratings from analysts, with a consensus price target increase to $92.30.

Driehaus Capital Management LLC lowered its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 57.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,632 shares of the company's stock after selling 152,028 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.94% of Kura Sushi USA worth $5,818,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. AlphaQuest LLC purchased a new position in Kura Sushi USA in the first quarter valued at about $68,000. BNP Paribas Financial Markets purchased a new position in shares of Kura Sushi USA during the 4th quarter valued at $77,000. US Bancorp DE lifted its position in Kura Sushi USA by 14.8% during the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after acquiring an additional 268 shares during the last quarter. Corebridge Financial Inc. raised its position in shares of Kura Sushi USA by 12.2% during the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock valued at $169,000 after buying an additional 360 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Kura Sushi USA by 30,191.7% during the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after buying an additional 3,623 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS traded down $2.29 during mid-day trading on Friday, reaching $80.81. The company's stock had a trading volume of 177,155 shares, compared to its average volume of 279,559. The firm has a market capitalization of $976.93 million, a PE ratio of -101.15 and a beta of 1.79. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $110.66. The stock has a fifty day moving average of $82.63 and a two-hundred day moving average of $69.74.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The business had revenue of $73.97 million for the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KRUS shares. Barclays raised their price objective on shares of Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. TD Securities reissued a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup boosted their target price on shares of Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Finally, Roth Capital reissued a "buy" rating and set a $106.00 price objective (up previously from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Profile