Russell Investments Group Ltd. Increases Position in Kura Sushi USA, Inc. $KRUS

Key Points

• Russell Investments Group Ltd. increased its stake in Kura Sushi USA by 5.5%, owning 100,193 shares valued at approximately $5.13 million as of the recent SEC filing.
• Equities research analysts have raised their price targets for Kura Sushi USA, with Lake Street Capital setting it at $98.00, and Roth Capital adjusting it to $106.00, indicating strong buy signals.
• Kura Sushi USA reported a positive earnings surprise for the last quarter, posting $0.05 EPS against a consensus estimate of ($0.02), with revenues surpassing expectations at approximately $73.97 million.

Russell Investments Group Ltd. grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,193 shares of the company's stock after purchasing an additional 5,233 shares during the period. Russell Investments Group Ltd. owned approximately 0.83% of Kura Sushi USA worth $5,130,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Kura Sushi USA by 30,191.7% during the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock valued at $186,000 after purchasing an additional 3,623 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of 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 purchasing an additional 5,043 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Kura Sushi USA during the first quarter valued at about $1,244,000. Blueshift Asset Management LLC purchased a new position in shares of Kura Sushi USA during the first quarter valued at about $248,000. Finally, Tudor Investment Corp ET AL grew its position in shares of Kura Sushi USA by 387.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company's stock valued at $3,123,000 after purchasing an additional 27,408 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KRUS. Barclays raised 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. Wall Street Zen upgraded Kura Sushi USA from a "sell" rating to a "hold" rating in a research report on Sunday. TD Securities reiterated a "hold" rating and issued a $79.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Finally, Roth Capital reiterated a "buy" rating and issued a $106.00 price target (up previously from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Six equities research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded up $1.27 during trading hours on Wednesday, hitting $81.03. 166,785 shares of the company's stock traded hands, compared to its average volume of 230,950. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $110.66. The business has a fifty day moving average price of $82.17 and a 200-day moving average price of $69.39. The firm has a market capitalization of $979.65 million, a P/E ratio of -101.29 and a beta of 1.80.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its 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 return on equity of 0.49% and a negative net margin of 3.48%.The business had revenue of $73,965 billion during the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Profile