Quantbot Technologies LP Has $1.53 Million Stock Holdings in Kura Sushi USA, Inc. $KRUS

Key Points

• Quantbot Technologies LP significantly increased its holdings in Kura Sushi USA by 4,345.3% during Q1, owning 29,828 shares now valued at approximately $1.5 million.
• Several other institutional investors, including Driehaus Capital Management and Millennium Management, also boosted their stakes in Kura Sushi USA, with hedge funds controlling 65.49% of the stock.
• Kura Sushi USA reported earnings of $0.05 per share, exceeding expectations, and has received various analyst ratings with a consensus price target of $92.30 suggesting potential upside.

Quantbot Technologies LP raised its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 4,345.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,828 shares of the company's stock after purchasing an additional 29,157 shares during the quarter. Quantbot Technologies LP owned approximately 0.25% of Kura Sushi USA worth $1,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KRUS. BNP Paribas Financial Markets bought a new position in Kura Sushi USA in the fourth quarter valued at approximately $77,000. US Bancorp DE boosted its stake 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 acquiring an additional 268 shares during the period. GAMMA Investing LLC boosted its stake 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 acquiring an additional 3,623 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $204,000. Finally, Blueshift Asset Management LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth approximately $248,000. 65.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on KRUS. TD Securities reiterated a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Benchmark reiterated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Barclays lifted their target price on 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. Citigroup lifted their target price on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Lake Street Capital lifted 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Trading Up 1.2%

NASDAQ KRUS traded up $0.95 during midday trading on Thursday, hitting $81.98. The company had a trading volume of 18,933 shares, compared to its average volume of 279,303. The company has a market capitalization of $991.08 million, a PE ratio of -102.40 and a beta of 1.80. The firm has a 50-day moving average price of $82.17 and a 200-day moving average price of $69.39. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $73,965 billion 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. On average, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

About Kura Sushi USA