Moody National Bank Trust Division Reduces Holdings in Kura Sushi USA, Inc. $KRUS

Key Points

• Moody National Bank Trust Division reduced its stake in Kura Sushi USA, Inc. by 23.7%, selling 6,660 shares and now holding 21,450 shares valued at approximately $1.85 million.
• Multiple hedge funds increased their holdings in Kura Sushi USA, with Granahan Investment Management raising its position by 9.3% and Voya Investment Management by 25.4% in the first quarter.
• Wall Street has mixed sentiments on Kura Sushi, with analysts issuing ratings that range from "buy" to "sell", while the current consensus rating is "Moderate Buy" with an average price target of $93.78.

Moody National Bank Trust Division cut its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 23.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,450 shares of the company's stock after selling 6,660 shares during the period. Moody National Bank Trust Division owned about 0.18% of Kura Sushi USA worth $1,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AlphaQuest LLC purchased a new stake in Kura Sushi USA during the first quarter worth about $68,000. BNP Paribas Financial Markets purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $77,000. US Bancorp DE increased its stake in shares of Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after buying an additional 268 shares during the period. Corebridge Financial Inc. increased its stake in shares of Kura Sushi USA by 12.2% during the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock worth $169,000 after buying an additional 360 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Kura Sushi USA by 30,191.7% during the first 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 period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Wall Street Zen lowered shares of Kura Sushi USA from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. TD Securities restated a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Lake Street Capital upped their target price on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a report on Wednesday, July 9th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $93.78.

Kura Sushi USA Stock Performance

NASDAQ:KRUS traded down $2.15 during trading hours on Tuesday, hitting $68.64. The company's stock had a trading volume of 101,425 shares, compared to its average volume of 275,622. The business's 50-day moving average is $81.47 and its two-hundred day moving average is $70.82. The company has a market capitalization of $829.86 million, a PE ratio of -86.45 and a beta of 1.79. Kura Sushi USA, Inc. has a 52-week low of $40.03 and a 52-week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. The firm had revenue of $73.97 million during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. Kura Sushi USA has set its FY 2025 guidance at EPS. As a group, analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

About Kura Sushi USA