Kura Sushi USA, Inc. $KRUS Stock Holdings Increased by Granahan Investment Management LLC

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 lifted its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 401,143 shares of the company's stock after acquiring an additional 34,114 shares during the period. Kura Sushi USA makes up 1.0% of Granahan Investment Management LLC's portfolio, making the stock its 26th biggest position. Granahan Investment Management LLC owned about 3.32% of Kura Sushi USA worth $20,539,000 as of its most recent SEC filing.

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

Kura Sushi USA Trading Down 1.7%

NASDAQ:KRUS traded down $1.34 during mid-day trading on Wednesday, hitting $78.46. The stock had a trading volume of 40,940 shares, compared to its average volume of 278,089. The stock has a market capitalization of $948.90 million, a price-to-earnings ratio of -98.15 and a beta of 1.79. The company has a 50 day simple moving average of $82.33 and a 200-day simple moving average of $69.78. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

KRUS has been the subject of several recent analyst reports. Roth Capital reissued a "buy" rating and set a $106.00 price objective (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. TD Securities reissued a "hold" rating and set a $79.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 9th. Lake Street Capital raised their price objective on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Barclays raised their price target on shares of Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Citigroup raised their price target on shares of 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 analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.78.

Kura Sushi USA Profile