Northern Trust Corp Sells 7,185 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Northern Trust Corp reduced its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,044 shares of the company's stock after selling 7,185 shares during the quarter. Northern Trust Corp owned approximately 0.91% of Kura Sushi USA worth $9,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA in the 4th quarter worth approximately $31,000. Quantbot Technologies LP acquired a new position in Kura Sushi USA during the 4th quarter worth $61,000. KLP Kapitalforvaltning AS acquired a new position in Kura Sushi USA during the 4th quarter worth $109,000. US Bancorp DE lifted its holdings in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after buying an additional 547 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Kura Sushi USA during the 4th quarter worth $204,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Shares of KRUS stock traded down $0.37 during trading hours on Friday, reaching $62.98. The company had a trading volume of 176,882 shares, compared to its average volume of 216,506. The company has a 50 day moving average of $57.45 and a 200 day moving average of $74.57. The firm has a market cap of $761.11 million, a price-to-earnings ratio of -92.62 and a beta of 1.55. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same period last year, the company earned ($0.09) EPS. As a group, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. TD Securities reaffirmed a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Citigroup reduced 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. Barclays reduced their price objective on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Lake Street Capital reduced 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. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.20.

Kura Sushi USA Profile