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

GAMMA Investing LLC raised its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 30,191.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,635 shares of the company's stock after acquiring 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.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Kura Sushi USA in the 4th quarter valued at about $61,000. BNP Paribas Financial Markets acquired a new stake in Kura Sushi USA in the 4th quarter valued at about $77,000. KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the 4th quarter valued at about $109,000. US Bancorp DE raised its holdings in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after acquiring an additional 547 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Kura Sushi USA in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KRUS. Benchmark dropped their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price target for the company. TD Securities reissued a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a research note on Friday, April 4th. Citigroup dropped their price target on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Lake Street Capital dropped their price target on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Price Performance

Shares of KRUS traded up $0.69 during midday trading on Monday, reaching $80.01. The stock had a trading volume of 169,061 shares, compared to its average volume of 226,520. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66. The company's fifty day simple moving average is $67.21 and its two-hundred day simple moving average is $70.79. The company has a market cap of $967.32 million, a price-to-earnings ratio of -88.90 and a beta of 1.61.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 4.06% and a negative return on equity of 0.78%. The firm had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

About Kura Sushi USA