Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 34.0% during the first quarter, according to its most recent Form 13F filing 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 period. Rhumbline Advisers owned about 0.07% of Kura Sushi USA worth $457,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at about $61,000. BNP Paribas Financial Markets purchased a new position in Kura Sushi USA in the fourth quarter valued at $77,000. KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the fourth quarter valued at $109,000. US Bancorp DE raised its stake in Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after buying an additional 547 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Kura Sushi USA by 30,191.7% during the 1st quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after buying an additional 3,623 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Trading Down 0.3%

Shares of Kura Sushi USA stock traded down $0.24 during trading hours on Friday, hitting $81.72. 295,014 shares of the company were exchanged, compared to its average volume of 227,282. The business has a 50-day moving average of $68.79 and a 200-day moving average of $70.81. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $110.66. The stock has a market capitalization of $987.99 million, a price-to-earnings ratio of -90.80 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 (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted ($0.09) earnings per share. As a group, research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on KRUS. Lake Street Capital dropped 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. Benchmark cut their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Barclays boosted their price objective on shares of Kura Sushi USA from $52.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Finally, Citigroup reduced 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 report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.10.

About Kura Sushi USA