Stephens Inc. AR Cuts Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Stephens Inc. AR trimmed its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 727,922 shares of the company's stock after selling 18,730 shares during the period. Stephens Inc. AR owned approximately 6.02% of Kura Sushi USA worth $37,270,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KRUS. Quantbot Technologies LP purchased a new stake in Kura Sushi USA during the 4th quarter valued at $61,000. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA during the 4th quarter valued at $77,000. KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA during the 4th quarter valued at $109,000. US Bancorp DE boosted its stake in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after purchasing an additional 547 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Kura Sushi USA by 30,191.7% during the 1st quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock valued at $186,000 after buying an additional 3,623 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

NASDAQ KRUS opened at $73.58 on Friday. The company has a market capitalization of $889.58 million, a PE ratio of -91.98 and a beta of 1.67. The business's fifty day moving average is $73.96 and its 200 day moving average is $69.73. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. The business had revenue of $73,965 billion for the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%. On average, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on KRUS. 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. Wall Street Zen upgraded Kura Sushi USA from a "strong sell" rating to a "hold" rating in a research note on Saturday. TD Securities restated a "hold" rating and issued a $79.00 price target on shares of Kura Sushi USA in a research note on Wednesday. Benchmark restated a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday. Finally, Barclays raised their price target on Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Six equities research 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 an average price target of $92.30.

Kura Sushi USA Profile

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