Moody National Bank Trust Division Boosts Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Moody National Bank Trust Division boosted its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 21.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,110 shares of the company's stock after acquiring an additional 5,043 shares during the period. Moody National Bank Trust Division owned 0.23% of Kura Sushi USA worth $1,439,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KRUS. 12 West Capital Management LP grew its stake in shares of Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock valued at $50,400,000 after purchasing an additional 63,000 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in shares of Kura Sushi USA by 72.4% during the fourth quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after purchasing an additional 156,723 shares during the period. Granahan Investment Management LLC lifted its holdings in shares of Kura Sushi USA by 16.4% during the fourth quarter. Granahan Investment Management LLC now owns 367,029 shares of the company's stock worth $33,245,000 after purchasing an additional 51,599 shares during the period. Vanguard Group Inc. grew its position in Kura Sushi USA by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company's stock valued at $32,413,000 after buying an additional 19,025 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in Kura Sushi USA in the 4th quarter valued at $24,063,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Wall Street Analysts Forecast Growth

KRUS has been the subject of a number of analyst reports. Benchmark cut their price objective on shares of 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. Barclays dropped their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. TD Securities restated a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. Citigroup dropped their target price 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. Finally, TD Cowen initiated coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price target for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.20.

Kura Sushi USA Price Performance

Shares of KRUS stock traded up $4.09 during midday trading on Wednesday, reaching $76.69. 246,101 shares of the company traded hands, compared to its average volume of 219,141. The firm's 50 day simple moving average is $58.95 and its two-hundred day simple moving average is $73.13. The firm has a market cap of $926.80 million, a PE ratio of -112.78 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 released its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to analysts' expectations 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 in the previous year, the business earned ($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.

Kura Sushi USA Profile