Nuveen LLC Acquires New Stake 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 acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,573 shares of the company's stock, valued at approximately $797,000. Nuveen LLC owned 0.13% of Kura Sushi USA as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Granahan Investment Management LLC increased its holdings in Kura Sushi USA by 16.4% in the fourth quarter. Granahan Investment Management LLC now owns 367,029 shares of the company's stock valued at $33,245,000 after purchasing an additional 51,599 shares during the period. Vanguard Group Inc. increased its holdings in Kura Sushi USA by 2.3% in the first quarter. Vanguard Group Inc. now owns 366,043 shares of the company's stock valued at $18,741,000 after purchasing an additional 8,201 shares during the period. Driehaus Capital Management LLC acquired a new stake in Kura Sushi USA in the fourth quarter valued at $24,063,000. Ameriprise Financial Inc. increased its holdings in Kura Sushi USA by 22.2% in the fourth quarter. Ameriprise Financial Inc. now owns 255,627 shares of the company's stock valued at $23,153,000 after purchasing an additional 46,493 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in Kura Sushi USA by 2.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 212,711 shares of the company's stock valued at $19,267,000 after purchasing an additional 5,279 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. TD Securities reiterated a "hold" rating and set a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup increased their price target on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Barclays increased their price target on Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Lake Street Capital increased their price target on Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Kura Sushi USA Price Performance

KRUS stock opened at $85.05 on Wednesday. The stock has a market capitalization of $1.03 billion, a PE ratio of -106.31 and a beta of 1.79. The company's 50-day moving average is $82.54 and its 200-day moving average is $69.60. 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, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.07. The company had revenue of $73.97 million for the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Kura Sushi USA has set its FY 2025 guidance at EPS. On average, analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Profile

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