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

Rhumbline Advisers lowered its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 34.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,929 shares of the company's stock after selling 4,592 shares during the quarter. Rhumbline Advisers owned about 0.07% of Kura Sushi USA worth $457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Kura Sushi USA in the 4th quarter worth approximately $750,000. Moody National Bank Trust Division boosted its stake in Kura Sushi USA by 21.9% during the 1st 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 in the last quarter. King Luther Capital Management Corp boosted its stake in Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock valued at $3,487,000 after purchasing an additional 20,432 shares in the last quarter. Sei Investments Co. boosted its stake in Kura Sushi USA by 108.5% during the 4th quarter. Sei Investments Co. now owns 49,094 shares of the company's stock valued at $4,447,000 after purchasing an additional 25,550 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in Kura Sushi USA by 387.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company's stock valued at $3,123,000 after purchasing an additional 27,408 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Trading Up 0.9%

Shares of NASDAQ KRUS opened at $80.01 on Tuesday. The firm has a market cap of $967.32 million, a PE ratio of -88.90 and a beta of 1.61. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66. The company has a fifty day moving average price of $67.21 and a 200 day moving average price of $70.79.

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

Analyst Upgrades and Downgrades

KRUS has been the subject of a number of research reports. TD Cowen initiated coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. Citigroup cut their price objective on 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. Benchmark cut their price objective on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Finally, TD Securities reiterated a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Company Profile

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