Voya Investment Management LLC Increases Stake in Kura Sushi USA, Inc. $KRUS

Key Points

• Voya Investment Management LLC increased its stake in Kura Sushi USA by 25.4%, acquiring over 51,000 additional shares, and now holds about 2.12% of the company worth $13.13 million.
• In their most recent earnings report, Kura Sushi posted an EPS of $0.05, beating analysts' expectations, and reported $73.97 million in revenue for the quarter.
• Research firms have raised their price targets for Kura Sushi, with Lake Street Capital predicting a target price of $98.00 and Roth Capital setting it at $106.00, reflecting a consensus rating of "Moderate Buy."

Voya Investment Management LLC increased its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 25.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 256,449 shares of the company's stock after acquiring an additional 51,866 shares during the period. Voya Investment Management LLC owned approximately 2.12% of Kura Sushi USA worth $13,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Kura Sushi USA by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock valued at $18,741,000 after acquiring an additional 8,201 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 3,623 shares during the last quarter. Nuveen LLC purchased a new stake in Kura Sushi USA in the first quarter worth about $797,000. Moody National Bank Trust Division lifted 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 buying an additional 5,043 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Kura Sushi USA in the 1st quarter worth approximately $573,000. 65.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KRUS has been the topic of a number of research reports. TD Securities restated a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 9th. Roth Capital reissued a "buy" rating and issued a $106.00 target price (up previously from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Wall Street Zen lowered Kura Sushi USA from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Citigroup boosted their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Kura Sushi USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.78.

Kura Sushi USA Trading Down 5.5%

Shares of KRUS stock traded down $4.30 during trading hours on Friday, hitting $73.41. 207,864 shares of the company were exchanged, compared to its average volume of 207,737. The firm has a fifty day simple moving average of $81.57 and a 200 day simple moving average of $70.56. The stock has a market capitalization of $887.53 million, a price-to-earnings ratio of -91.76 and a beta of 1.79. 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 issued its 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 analysts' expectations 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 Company Profile