Squarepoint Ops LLC Has $1.06 Million Holdings in Kura Sushi USA, Inc. $KRUS

Key Points

• Squarepoint Ops LLC reduced its Kura Sushi USA stake by 76.4% in the second quarter, selling 59,748 shares and retaining 18,447 shares worth approximately $1.06 million.
• Institutional ownership remains significant at 65.49%, with several other investors increasing their positions during the first quarter.
• Analyst sentiment is mixed: Kura Sushi USA has an overall “Hold” rating and an average price target of $69, while the stock opened at $34.52, near its 52-week low of $34.52.

Squarepoint Ops LLC cut its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 76.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,447 shares of the company's stock after selling 59,748 shares during the period. Squarepoint Ops LLC owned about 0.15% of Kura Sushi USA worth $1,062,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Key Financial Inc boosted its stake in Kura Sushi USA by 720.0% during the fourth quarter. Key Financial Inc now owns 615 shares of the company's stock worth $32,000 after buying an additional 540 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Kura Sushi USA by 14.1% in the 1st quarter. Quantinno Capital Management LP now owns 7,367 shares of the company's stock valued at $514,000 after buying an additional 909 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Kura Sushi USA by 6.7% in the 1st quarter. Bank of New York Mellon Corp now owns 15,822 shares of the company's stock valued at $1,104,000 after buying an additional 988 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Kura Sushi USA by 14.0% in the 1st quarter. SG Americas Securities LLC now owns 10,718 shares of the company's stock valued at $748,000 after buying an additional 1,313 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Kura Sushi USA by 47.8% during the 1st quarter. California State Teachers Retirement System now owns 9,035 shares of the company's stock worth $631,000 after acquiring an additional 2,921 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KRUS shares. Lake Street Capital decreased their target price on shares of Kura Sushi USA from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, July 8th. TD Cowen dropped their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a "hold" rating for the company in a research report on Wednesday, July 8th. DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kura Sushi USA in a report on Friday, August 7th. Finally, Freedom Capital upgraded Kura Sushi USA to a "hold" rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $69.00.

Kura Sushi USA Stock Performance

Shares of NASDAQ KRUS opened at $34.52 on Friday. Kura Sushi USA, Inc. has a 52-week low of $34.52 and a 52-week high of $80.84. The business has a fifty day moving average of $46.46 and a two-hundred day moving average of $53.07. The stock has a market cap of $419.42 million, a PE ratio of -191.77 and a beta of 1.32.

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

Kura Sushi USA Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar name. Its restaurants use a conveyor-belt dining format that allows guests to select individual dishes as they pass by their tables, combining traditional sushi-bar service with an interactive dining experience.

The company's menu includes a variety of sushi and sashimi, specialty rolls, cooked Japanese dishes, appetizers, desserts and beverages. Kura Sushi USA also uses automation and other restaurant technologies, including touch-screen ordering and systems designed to support food delivery and table service.

Founded in 2008, Kura Sushi USA is affiliated with Kura Sushi, Inc, a Japan-based conveyor-belt sushi restaurant operator.

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