Next Century Growth Investors LLC Sells 23,148 Shares of Kura Sushi USA, Inc. $KRUS

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 lessened its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 38.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,337 shares of the company's stock after selling 23,148 shares during the quarter. Next Century Growth Investors LLC owned approximately 0.31% of Kura Sushi USA worth $1,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KRUS. AlphaQuest LLC bought a new stake in shares of Kura Sushi USA during the first quarter worth $68,000. BNP Paribas Financial Markets bought a new stake in shares of Kura Sushi USA during the fourth quarter worth $77,000. US Bancorp DE grew its stake in shares of Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after buying an additional 268 shares during the last quarter. Corebridge Financial Inc. grew its stake in shares of Kura Sushi USA by 12.2% during the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock worth $169,000 after buying an additional 360 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake 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 worth $186,000 after buying an additional 3,623 shares during the last quarter. Institutional investors own 65.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Securities reiterated a "hold" rating and set a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Barclays lifted 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 report on Wednesday, July 9th. Wall Street Zen upgraded shares of Kura Sushi USA from a "sell" rating to a "hold" rating in a report on Sunday, August 24th. Finally, Lake Street Capital lifted their price target 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. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Kura Sushi USA has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Trading Up 0.6%

KRUS stock traded up $0.50 during midday trading on Tuesday, hitting $85.31. The stock had a trading volume of 49,394 shares, compared to its average volume of 278,432. The firm has a market cap of $1.03 billion, a P/E ratio of -106.65 and a beta of 1.79. 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 $82.50 and a two-hundred day moving average price of $69.49.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released 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. The business had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Kura Sushi USA has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Kura Sushi USA Profile