Moody National Bank Trust Division Has $1.44 Million Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Moody National Bank Trust Division lifted its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,110 shares of the company's stock after buying an additional 5,043 shares during the quarter. Moody National Bank Trust Division owned about 0.23% of Kura Sushi USA worth $1,439,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KRUS. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the fourth quarter worth approximately $31,000. Quantbot Technologies LP acquired a new position in shares of Kura Sushi USA in the fourth quarter valued at $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the fourth quarter worth $77,000. KLP Kapitalforvaltning AS acquired a new position in Kura Sushi USA during the fourth quarter worth $109,000. Finally, US Bancorp DE raised its stake in Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after acquiring an additional 547 shares in the last quarter. Institutional investors own 65.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KRUS shares. Benchmark decreased their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. 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. Barclays dropped their target price on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, TD Securities reissued a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a research report on Friday, April 4th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.20.

Kura Sushi USA Stock Up 0.1%

Shares of NASDAQ KRUS traded up $0.05 during midday trading on Friday, hitting $65.89. 173,950 shares of the company's stock were exchanged, compared to its average volume of 218,147. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $110.66. The company's 50 day moving average price is $58.34 and its 200 day moving average price is $73.43. The firm has a market capitalization of $796.28 million, a PE ratio of -96.90 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned ($0.09) earnings per share. On average, equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Kura Sushi USA Company Profile