Royce & Associates LP Purchases 12,009 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Key Points

• Royce & Associates LP increased its stake in Kura Sushi USA by 52.2%, holding 35,009 shares worth approximately $1.79 million as of its latest SEC filing.
• Several notable institutional investors significantly increased their holdings in Kura Sushi during the fourth quarter, including Driehaus Capital Management and Millennium Management, among others.
• Kura Sushi's stock is currently rated with an average of "Moderate Buy" and has a consensus price target of $92.30 from multiple analysts.

Royce & Associates LP grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 52.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,009 shares of the company's stock after buying an additional 12,009 shares during the quarter. Royce & Associates LP owned approximately 0.29% of Kura Sushi USA worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Kura Sushi USA by 30,191.7% during the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock valued at $186,000 after purchasing an additional 3,623 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Kura Sushi USA by 21.9% during the first quarter. Moody National Bank Trust Division now owns 28,110 shares of the company's stock worth $1,439,000 after purchasing an additional 5,043 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Kura Sushi USA during the first quarter valued at $1,244,000. Sei Investments Co. lifted its stake in shares of 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 period. Finally, Tudor Investment Corp ET AL lifted its stake in shares of Kura Sushi USA by 387.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 34,477 shares of the company's stock valued at $3,123,000 after acquiring an additional 27,408 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Trading Down 1.2%

NASDAQ KRUS traded down $1.03 during midday trading on Friday, hitting $86.71. The company had a trading volume of 117,220 shares, compared to its average volume of 286,910. The company has a market capitalization of $1.05 billion, a PE ratio of -108.39 and a beta of 1.67. The firm has a 50-day moving average price of $79.46 and a 200-day moving average price of $69.05. 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 issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. The company had revenue of $73,965 billion for the quarter, compared to analyst estimates of $71.82 million. On average, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KRUS shares. Lake Street Capital increased their target price on Kura Sushi USA from $62.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded Kura Sushi USA from a "strong sell" rating to a "hold" rating in a report on Saturday, July 12th. Barclays increased their price objective 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. Roth Capital restated a "buy" rating and issued a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, TD Securities reaffirmed a "hold" rating and issued a $79.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Kura Sushi USA Profile