Kura Sushi USA, Inc. $KRUS Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Kura Sushi USA by 34.0%, owning 8,929 shares worth approximately $457,000 after selling 4,592 shares in the first quarter.
• Kura Sushi's stock has seen a decline of 8.0%, currently trading at $65.11, with a 12-month range of $40.03 to $110.66.
• Analysts have set new price targets for Kura Sushi, with Barclays raising its target to $75.00 and Citigroup to $96.00, reflecting a consensus rating of "Moderate Buy."

Rhumbline Advisers cut its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,929 shares of the company's stock after selling 4,592 shares during the quarter. Rhumbline Advisers owned 0.07% of Kura Sushi USA worth $457,000 as of its most recent SEC filing.

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

Kura Sushi USA Trading Down 8.0%

Shares of NASDAQ:KRUS opened at $65.11 on Wednesday. The stock's 50-day moving average price is $81.32 and its two-hundred day moving average price is $70.78. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66. The firm has a market cap of $787.18 million, a price-to-earnings ratio of -81.39 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on KRUS. Barclays increased their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating 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. Citigroup increased their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Lake Street Capital increased their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Roth Capital restated 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. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Kura Sushi USA has a consensus rating of "Moderate Buy" and a consensus price target of $93.78.

Kura Sushi USA Company Profile

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