Rheos Capital Works Inc. Sells 129,260 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rheos Capital Works Inc. lowered its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 93.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,740 shares of the company's stock after selling 129,260 shares during the quarter. Rheos Capital Works Inc. owned about 0.08% of Kura Sushi USA worth $499,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at $31,000. Quantbot Technologies LP bought a new stake in Kura Sushi USA in the fourth quarter valued at $61,000. BNP Paribas Financial Markets acquired a new position in shares of Kura Sushi USA during the fourth quarter valued at about $77,000. KLP Kapitalforvaltning AS acquired a new position in shares of Kura Sushi USA during the fourth quarter valued at about $109,000. Finally, US Bancorp DE boosted its position in shares of Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRUS. Citigroup dropped their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. TD Securities reiterated a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a report on Friday, April 4th. TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 price target for the company. Benchmark lowered their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.20.

Kura Sushi USA Trading Up 4.5%

KRUS stock opened at $78.79 on Monday. The stock has a market cap of $952.18 million, a P/E ratio of -115.87 and a beta of 1.61. The stock's fifty day simple moving average is $60.47 and its two-hundred day simple moving average is $72.78. 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 issued its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $64.89 million for the quarter, compared to analysts' expectations of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same quarter in the previous year, the business earned ($0.09) EPS. As a group, analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile

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