Kura Sushi USA, Inc. $KRUS Shares Sold by Next Century Growth Investors LLC

Key Points

• Next Century Growth Investors LLC reduced its holdings in Kura Sushi USA by 38.3%, selling 23,148 shares and owning 0.31% of the company worth approximately $1.91 million.
• Kura Sushi USA reported a quarterly EPS of $0.05, surpassing expectations, with revenue of approximately $74 million, compared to estimates of $71.82 million.
• Equities analysts have raised their price targets for Kura Sushi USA, with an average target price now set at $92.30 and a current rating of "Moderate Buy."

Next Century Growth Investors LLC decreased its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 38.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,337 shares of the company's stock after selling 23,148 shares during the period. Next Century Growth Investors LLC owned approximately 0.31% of Kura Sushi USA worth $1,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in Kura Sushi USA in the first quarter valued at approximately $68,000. BNP Paribas Financial Markets purchased a new position in Kura Sushi USA in the fourth quarter valued at approximately $77,000. US Bancorp DE raised its holdings in Kura Sushi USA by 14.8% in the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after buying an additional 268 shares during the period. Corebridge Financial Inc. raised its holdings in Kura Sushi USA by 12.2% in the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock valued at $169,000 after buying an additional 360 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Kura Sushi USA by 30,191.7% in the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock valued at $186,000 after buying an additional 3,623 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Trading Up 1.6%

Kura Sushi USA stock opened at $81.03 on Thursday. The stock has a market cap of $979.65 million, a P/E ratio of -101.29 and a beta of 1.80. The stock has a 50 day moving average of $82.17 and a 200-day moving average of $69.39. 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 earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $73,965 billion during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. 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 fiscal year.

Wall Street Analysts Forecast Growth

KRUS has been the topic of several research reports. Lake Street Capital raised their price target on shares of Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. TD Securities reaffirmed a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Barclays increased their price objective on shares of 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. Finally, Citigroup increased their price objective on shares of Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Company Profile

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