Kura Sushi USA, Inc. $KRUS Stock Position Raised by Royce & Associates LP

Key Points

• Royce & Associates LP boosted its stake in Kura Sushi USA by 60.2% in Q3 to 82,517 shares (about 0.68% of the company), bringing its holding to roughly $4.9 million, while institutional investors/hedge funds now own about 65.49% of the stock.
• Kura Sushi posted Q results of ($0.23) EPS, missing the consensus (‑$0.17) despite revenue of $73.46M, and the company trades with a negative PE (~‑203.85) and a market cap near $815 million.
• Insider Hajime Uba sold 9,874 shares (a 62.1% reduction in his stake), and analyst sentiment is mixed — MarketBeat shows an average rating of "Hold" with an average target of $76.91.

Royce & Associates LP increased its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 60.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,517 shares of the company's stock after acquiring an additional 31,005 shares during the quarter. Royce & Associates LP owned approximately 0.68% of Kura Sushi USA worth $4,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company's stock worth $82,000 after purchasing an additional 284 shares during the period. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA in the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kura Sushi USA by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company's stock worth $204,000 after buying an additional 613 shares during the period. Rhumbline Advisers lifted its stake in Kura Sushi USA by 8.3% in the second quarter. Rhumbline Advisers now owns 9,670 shares of the company's stock valued at $832,000 after buying an additional 741 shares during the last quarter. Finally, Man Group plc boosted its holdings in shares of Kura Sushi USA by 11.0% during the second quarter. Man Group plc now owns 8,140 shares of the company's stock valued at $701,000 after acquiring an additional 809 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $67.27 on Thursday. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $95.98. The stock has a market capitalization of $814.64 million, a PE ratio of -203.85 and a beta of 1.68. The firm has a 50 day simple moving average of $67.95 and a 200-day simple moving average of $64.16.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its earnings results on Wednesday, January 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.06). The firm had revenue of $73.46 million for the quarter, compared to the consensus estimate of $72.98 million. Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.During the same period in the previous year, the firm earned ($0.08) EPS. On average, analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In related news, insider Hajime Uba sold 9,874 shares of Kura Sushi USA stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $720,110.82. Following the transaction, the insider directly owned 6,026 shares of the company's stock, valued at $439,476.18. The trade was a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KRUS. Loop Capital set a $70.00 price objective on shares of Kura Sushi USA in a research report on Thursday, January 8th. Wall Street Zen cut Kura Sushi USA from a "hold" rating to a "strong sell" rating in a report on Saturday, January 10th. Lake Street Capital reiterated a "buy" rating and set a $70.00 price objective on shares of Kura Sushi USA in a research report on Thursday, January 8th. TD Cowen lowered their target price on Kura Sushi USA from $79.00 to $59.00 and set a "hold" rating on the stock in a research report on Friday, November 7th. Finally, Royal Bank Of Canada set a $85.00 target price on Kura Sushi USA in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Kura Sushi USA presently has an average rating of "Hold" and an average target price of $76.91.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company's concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.

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