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. reduced its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 40.1% in the first quarter, according to the company in its most recent 13F filing 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 0.23% of Kura Sushi USA worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Kura Sushi USA by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock worth $18,741,000 after purchasing an additional 8,201 shares during the period. GAMMA Investing LLC boosted its position in shares of Kura Sushi USA by 30,191.7% in 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 period. Nuveen LLC purchased a new position in shares of Kura Sushi USA during the first quarter valued at $797,000. Moody National Bank Trust Division raised its position in Kura Sushi USA by 21.9% during the first quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock valued at $1,439,000 after buying an additional 5,043 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Kura Sushi USA in the 1st quarter worth about $573,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KRUS has been the topic of a number of research reports. Wall Street Zen lowered shares of Kura Sushi USA from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Lake Street Capital boosted their price target on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Barclays lifted their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Citigroup upped their target price 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. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.78.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded down $2.62 during trading on Monday, reaching $70.79. The company's stock had a trading volume of 258,476 shares, compared to its average volume of 276,649. Kura Sushi USA, Inc. has a one year low of $40.03 and a one year high of $110.66. The firm has a market cap of $856.13 million, a price-to-earnings ratio of -88.49 and a beta of 1.79. The business's fifty day moving average price is $81.57 and its 200-day moving average price is $70.73.

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 (EPS) for the quarter, beating analysts' consensus estimates 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. Sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Kura Sushi USA Profile