Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 30,191.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,635 shares of the company's stock after purchasing an additional 3,623 shares during the quarter. GAMMA Investing LLC's holdings in Kura Sushi USA were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Moody National Bank Trust Division raised its position in Kura Sushi USA by 21.9% in the first quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock valued at $1,439,000 after purchasing an additional 5,043 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kura Sushi USA by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,624 shares of the company's stock valued at $691,000 after buying an additional 1,052 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Kura Sushi USA by 18.7% in the 4th quarter. Two Sigma Advisers LP now owns 29,900 shares of the company's stock valued at $2,708,000 after buying an additional 4,700 shares during the period. Two Sigma Investments LP raised its holdings in shares of Kura Sushi USA by 82.3% in the 4th quarter. Two Sigma Investments LP now owns 68,585 shares of the company's stock valued at $6,212,000 after buying an additional 30,968 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Kura Sushi USA by 1,334.5% in the 4th quarter. Millennium Management LLC now owns 109,363 shares of the company's stock valued at $9,906,000 after buying an additional 101,739 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KRUS. Lake Street Capital cut their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. TD Securities reiterated a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Benchmark cut their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Citigroup cut their price objective on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Barclays boosted their price objective on Kura Sushi USA from $52.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average target price of $79.10.

Kura Sushi USA Trading Up 1.0%

KRUS traded up $0.79 on Thursday, hitting $81.96. 155,232 shares of the company were exchanged, compared to its average volume of 227,011. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $110.66. The company has a market cap of $990.90 million, a price-to-earnings ratio of -91.07 and a beta of 1.61. The firm has a 50-day moving average price of $68.32 and a two-hundred day moving average price of $70.94.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.78% and a negative net margin of 4.06%. During the same period in the previous year, the firm earned ($0.09) earnings per share. Equities analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Kura Sushi USA Profile