Driehaus Capital Management LLC lessened its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 57.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,632 shares of the company's stock after selling 152,028 shares during the quarter. Driehaus Capital Management LLC owned about 0.94% of Kura Sushi USA worth $5,818,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Trexquant Investment LP purchased a new position in Kura Sushi USA during the first quarter valued at $573,000. Corebridge Financial Inc. raised its stake in Kura Sushi USA by 12.2% during the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock worth $169,000 after purchasing an additional 360 shares during the period. MetLife Investment Management LLC lifted its holdings in Kura Sushi USA by 13.0% in the first quarter. MetLife Investment Management LLC now owns 3,842 shares of the company's stock valued at $197,000 after acquiring an additional 441 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Kura Sushi USA during the 1st quarter worth $68,000. Finally, Quantbot Technologies LP boosted its stake in Kura Sushi USA by 4,345.3% during the first quarter. Quantbot Technologies LP now owns 29,828 shares of the company's stock worth $1,527,000 after buying an additional 29,157 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.
Kura Sushi USA Trading Down 0.6%
KRUS stock traded down $0.51 on Thursday, hitting $84.12. The company's stock had a trading volume of 247,370 shares, compared to its average volume of 279,746. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -105.03 and a beta of 1.79. The firm has a 50 day moving average of $82.60 and a two-hundred day moving average of $69.70. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year 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 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The company had revenue of $73.97 million during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.
Analysts Set New Price Targets
KRUS has been the subject of a number of recent research reports. TD Securities reiterated a "hold" rating and issued a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Barclays raised their price target on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Citigroup upped their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Finally, Roth Capital restated a "buy" rating and set a $106.00 target price (up previously from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $92.30.
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