Goldman Sachs Group Inc. Sells 18,447 Shares of Kura Sushi USA, Inc. $KRUS

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Kura Sushi USA, Inc. by 40.1%, selling 18,447 shares and owning 27,589 shares valued at approximately $1.41 million.
• Several analysts have upgraded their price targets for Kura Sushi USA, with Citigroup increasing it from $85.00 to $96.00 and Roth Capital raising theirs from $89.00 to $106.00.
• Kura Sushi USA reported earnings exceeding analyst expectations, posting $0.05 earnings per share against a consensus estimate of ($0.02).

Goldman Sachs Group Inc. cut its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 40.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,589 shares of the company's stock after selling 18,447 shares during the period. Goldman Sachs Group Inc. owned about 0.23% of Kura Sushi USA worth $1,413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KRUS. Millennium Management LLC increased its position in shares of Kura Sushi USA by 1,334.5% during the fourth quarter. Millennium Management LLC now owns 109,363 shares of the company's stock valued at $9,906,000 after purchasing an additional 101,739 shares during the period. Voya Investment Management LLC grew its position in Kura Sushi USA by 25.4% in the first quarter. Voya Investment Management LLC now owns 256,449 shares of the company's stock valued at $13,130,000 after acquiring an additional 51,866 shares during the period. Granahan Investment Management LLC grew its holdings in shares of Kura Sushi USA by 9.3% during the first quarter. Granahan Investment Management LLC now owns 401,143 shares of the company's stock worth $20,539,000 after purchasing an additional 34,114 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Kura Sushi USA by 82.3% during the fourth quarter. Two Sigma Investments LP now owns 68,585 shares of the company's stock worth $6,212,000 after purchasing an additional 30,968 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of 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 purchasing an additional 29,157 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Stock Performance

NASDAQ:KRUS traded down $2.18 during mid-day trading on Tuesday, hitting $68.61. The company had a trading volume of 199,252 shares, compared to its average volume of 276,042. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $110.66. The business's fifty day moving average is $81.47 and its two-hundred day moving average is $70.82. The firm has a market cap of $829.49 million, a P/E ratio of -85.76 and a beta of 1.79.

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 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 firm had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Equities analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

KRUS has been the topic of several research analyst reports. Barclays increased their target price on 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 restated a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup increased their target price on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen cut Kura Sushi USA from a "hold" rating to a "sell" rating in a report on Friday, September 5th. 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 report on Wednesday, July 9th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.78.

Kura Sushi USA Company Profile