Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Holdings Lifted by Millennium Management LLC

Millennium Management LLC lifted its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 1,334.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,363 shares of the company's stock after buying an additional 101,739 shares during the period. Millennium Management LLC owned approximately 0.91% of Kura Sushi USA worth $9,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Kura Sushi USA in the 4th quarter worth $750,000. Rhumbline Advisers raised its stake in shares of Kura Sushi USA by 70.0% in the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock worth $1,225,000 after buying an additional 5,567 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Kura Sushi USA by 113.1% during the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after purchasing an additional 20,432 shares during the period. Sei Investments Co. raised its position in shares of Kura Sushi USA by 108.5% during the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company's stock worth $4,447,000 after purchasing an additional 25,550 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in shares of Kura Sushi USA by 387.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company's stock worth $3,123,000 after purchasing an additional 27,408 shares during the period. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Stock Performance

NASDAQ:KRUS traded up $3.10 during trading hours on Tuesday, hitting $66.08. 171,104 shares of the company's stock traded hands, compared to its average volume of 216,895. The stock's fifty day moving average price is $57.65 and its two-hundred day moving average price is $74.03. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $110.66. The firm has a market cap of $798.58 million, a P/E ratio of -97.18 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results 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 net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million during the quarter, compared to analysts' expectations of $66.30 million. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Benchmark cut their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. TD Securities reaffirmed a "hold" rating and set a $72.00 target price on shares of Kura Sushi USA in a research report on Friday, April 4th. William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Lake Street Capital dropped their price target on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Citigroup dropped their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock 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 stock. Based on data from MarketBeat.com, Kura Sushi USA currently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Company Profile