Nuveen LLC Invests $797,000 in Kura Sushi USA, Inc. $KRUS

Key Points

• Nuveen LLC has acquired a new stake in Kura Sushi USA, Inc., purchasing 15,573 shares valued at approximately $797,000, giving it a 0.13% ownership as per its recent SEC filing.
• Several institutional investors, including Granahan Investment Management LLC and Vanguard Group Inc., have also increased their holdings in Kura Sushi USA, indicating strong interest in the stock.
• Analysts have set a consensus price target of $92.30 for the company, with ratings of "Buy" from six analysts and "Hold" from five, reflecting a generally positive outlook.

Nuveen LLC bought a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 15,573 shares of the company's stock, valued at approximately $797,000. Nuveen LLC owned 0.13% of Kura Sushi USA at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KRUS. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA during the 4th quarter worth about $77,000. US Bancorp DE grew its position in shares of Kura Sushi USA by 14.8% during the 1st 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. GAMMA Investing LLC grew its position in shares of Kura Sushi USA by 30,191.7% during the 1st 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. The Manufacturers Life Insurance Company acquired a new position in shares of Kura Sushi USA during the 4th quarter worth about $204,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Kura Sushi USA during the 1st quarter worth about $248,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

NASDAQ:KRUS traded down $1.63 during trading hours on Friday, reaching $81.46. 340,007 shares of the stock were exchanged, compared to its average volume of 214,893. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $110.66. The firm has a 50 day moving average of $82.62 and a 200 day moving average of $69.64. The stock has a market cap of $984.85 million, a PE ratio of -101.83 and a beta of 1.79.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KRUS shares. Lake Street Capital boosted their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. TD Securities reiterated a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Citigroup boosted their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Barclays boosted their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

About Kura Sushi USA