Ranger Investment Management L.P. Buys New Stake in Kura Sushi USA, Inc. $KRUS

Key Points

• Ranger Investment Management acquired 75,090 shares of Kura Sushi USA in the second quarter, worth approximately $4.32 million and representing a 0.62% stake.
• Institutional ownership remains substantial at 65.49%, with several funds—including Stephens, Granahan Investment Management, Ameriprise Financial and Woodline Partners—recently increasing their positions.
• Kura Sushi USA reported quarterly EPS of $0.03, beating estimates of a $0.05 loss, while analysts maintain a consensus “Hold” rating with an average price target of $69.00.

Ranger Investment Management L.P. bought a new position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,090 shares of the company's stock, valued at approximately $4,322,000. Ranger Investment Management L.P. owned 0.62% of Kura Sushi USA at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stephens Inc. AR boosted its holdings in Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company's stock valued at $77,276,000 after purchasing an additional 267,955 shares during the last quarter. Granahan Investment Management LLC increased its holdings in Kura Sushi USA by 17.3% during the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company's stock worth $41,189,000 after purchasing an additional 116,096 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Kura Sushi USA during the 4th quarter worth approximately $19,194,000. Ameriprise Financial Inc. raised its position in shares of Kura Sushi USA by 17.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company's stock valued at $29,780,000 after purchasing an additional 51,574 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of Kura Sushi USA by 270.3% in the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company's stock valued at $17,349,000 after purchasing an additional 213,158 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Kura Sushi USA Price Performance

KRUS stock opened at $48.34 on Monday. The firm has a market cap of $587.33 million, a PE ratio of -268.54 and a beta of 1.33. The firm has a 50 day simple moving average of $50.42 and a 200 day simple moving average of $56.91. Kura Sushi USA, Inc. has a 12 month low of $42.62 and a 12 month high of $87.99.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.08. The business had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. As a group, sell-side analysts expect that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

KRUS has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Kura Sushi USA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 6th. Lake Street Capital cut their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, July 8th. Citigroup reduced their price objective on shares of Kura Sushi USA from $64.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 8th. Roth Capital decreased their price objective on shares of Kura Sushi USA from $85.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Finally, Freedom Capital raised Kura Sushi USA to a "hold" rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $69.00.

About Kura Sushi USA

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company's concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.

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