Granahan Investment Management LLC Has $20.54 Million Position in Kura Sushi USA, Inc. $KRUS

Key Points

• Granahan Investment Management LLC has increased its stake in Kura Sushi USA, Inc. by 9.3%, now holding approximately 3.32% of the company, valued at about $20.5 million.
• Kura Sushi USA reported an earnings per share of $0.05, exceeding analysts' expectations of ($0.02), and generated $73.97 million in revenue during the quarter.
• Financial analysts have varied price targets for Kura Sushi USA, with a consensus rating of "Moderate Buy" and an average target price of $92.30.

Granahan Investment Management LLC raised its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,143 shares of the company's stock after purchasing an additional 34,114 shares during the period. Kura Sushi USA accounts for approximately 1.0% of Granahan Investment Management LLC's investment portfolio, making the stock its 26th biggest position. Granahan Investment Management LLC owned approximately 3.32% of Kura Sushi USA worth $20,539,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in shares of Kura Sushi USA by 47.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,868 shares of the company's stock worth $260,000 after buying an additional 924 shares during the period. Dimensional Fund Advisors LP lifted its position in Kura Sushi USA by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,722 shares of the company's stock worth $14,014,000 after acquiring an additional 1,460 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kura Sushi USA by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company's stock worth $360,000 after acquiring an additional 466 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $204,000. Finally, Jane Street Group LLC increased its stake in shares of Kura Sushi USA by 17.1% during the fourth quarter. Jane Street Group LLC now owns 8,096 shares of the company's stock worth $733,000 after purchasing an additional 1,181 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Trading Down 0.5%

KRUS traded down $0.39 during trading on Tuesday, reaching $79.80. 228,789 shares of the company's stock were exchanged, compared to its average volume of 279,489. Kura Sushi USA, Inc. has a one year low of $40.03 and a one year high of $110.66. The stock has a market capitalization of $964.78 million, a PE ratio of -99.75 and a beta of 1.79. The firm has a fifty day moving average price of $82.50 and a two-hundred day moving average price of $69.71.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly 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 net margin of 3.48% and a negative return on equity of 0.49%. The firm had revenue of $73.97 million during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on KRUS. Roth Capital reiterated a "buy" rating and set a $106.00 price objective (up previously from $89.00) on shares of Kura Sushi USA in a research 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. Lake Street Capital lifted their price objective on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, Barclays raised their price target on shares of 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. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Company Profile