Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Bought by King Luther Capital Management Corp

Key Points

• King Luther Capital Management Corp has increased its stake in Kura Sushi USA, Inc. by 62.4%, owning a total of 62,518 shares valued at approximately $3.2 million.
• Several hedge funds have also augmented their holdings in Kura Sushi USA, with institutional investors now owning 65.49% of the company's stock.
• Kura Sushi USA's stock has recently been rated as a "Moderate Buy" by analysts, with an average target price of $92.30, following improved earnings performance.

King Luther Capital Management Corp increased its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 62.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,518 shares of the company's stock after acquiring an additional 24,021 shares during the period. King Luther Capital Management Corp owned approximately 0.52% of Kura Sushi USA worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in Kura Sushi USA by 3.6% in the 1st quarter. Deutsche Bank AG now owns 5,500 shares of the company's stock worth $282,000 after acquiring an additional 191 shares during the last quarter. Bank of America Corp DE raised its stake in Kura Sushi USA by 4.2% in the 4th quarter. Bank of America Corp DE now owns 5,906 shares of the company's stock worth $535,000 after acquiring an additional 238 shares during the last quarter. US Bancorp DE raised its stake in Kura Sushi USA by 14.8% in the 1st quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after acquiring an additional 268 shares during the last quarter. Valmark Advisers Inc. raised its stake in Kura Sushi USA by 4.1% in the 1st quarter. Valmark Advisers Inc. now owns 7,913 shares of the company's stock worth $405,000 after acquiring an additional 309 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Kura Sushi USA by 13.3% in the 4th 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 last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded down $0.80 on Friday, hitting $77.23. The company's stock had a trading volume of 239,157 shares, compared to its average volume of 267,233. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $110.66. The firm has a fifty day moving average price of $82.18 and a 200-day moving average price of $69.29. The company has a market capitalization of $933.71 million, a price-to-earnings ratio of -96.54 and a beta of 1.80.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly 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 $73,965 billion during the quarter, compared to analyst estimates of $71.82 million. As a group, analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of 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 note on Wednesday, July 9th. Lake Street Capital lifted their price objective on 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 reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Wall Street Zen lowered Kura Sushi USA from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Citigroup lifted their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $92.30.

About Kura Sushi USA