Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 727,922 shares of the company's stock after selling 18,730 shares during the period. Stephens Inc. AR owned 6.02% of Kura Sushi USA worth $37,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Kura Sushi USA during the fourth quarter valued at $61,000. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA in the 4th quarter valued at about $77,000. KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA in the 4th quarter valued at about $109,000. US Bancorp DE boosted its position in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after buying an additional 547 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at about $204,000. 65.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KRUS has been the subject of several recent research reports. TD Securities restated a "hold" rating and issued a $79.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 9th. Lake Street Capital upped their price target on shares of 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 shares of Kura Sushi USA from a "strong sell" rating to a "hold" rating in a research note on Saturday. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Finally, William Blair reaffirmed an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $92.30.

Kura Sushi USA Stock Performance

KRUS traded up $1.25 during midday trading on Wednesday, hitting $73.82. 279,367 shares of the company traded hands, compared to its average volume of 228,686. Kura Sushi USA, Inc. has a 52-week low of $40.03 and a 52-week high of $110.66. The business has a 50 day simple moving average of $74.49 and a two-hundred day simple moving average of $69.50.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile