Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. cut its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 93.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KRUS. SBI Securities Co. Ltd. bought a new position in Kura Sushi USA in the fourth quarter worth about $750,000. Rhumbline Advisers grew its position in shares of Kura Sushi USA by 70.0% in the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock worth $1,225,000 after buying an additional 5,567 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Kura Sushi USA by 21.9% during the 1st quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock worth $1,439,000 after acquiring an additional 5,043 shares in the last quarter. King Luther Capital Management Corp raised its stake in shares of Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock worth $3,487,000 after acquiring an additional 20,432 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Kura Sushi USA by 108.5% during the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company's stock valued at $4,447,000 after acquiring an additional 25,550 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. TD Securities reaffirmed a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Lake Street Capital dropped their target price on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their price target on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Finally, Citigroup cut their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Trading Down 1.2%

Shares of KRUS stock traded down $0.94 during mid-day trading on Thursday, reaching $80.76. The stock had a trading volume of 239,874 shares, compared to its average volume of 224,459. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66. The firm has a market cap of $975.98 million, a price-to-earnings ratio of -118.76 and a beta of 1.61. The business's fifty day moving average is $62.40 and its 200-day moving average is $72.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million during the quarter, compared to analysts' expectations of $66.30 million. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

About Kura Sushi USA