Trexquant Investment LP Makes New $573,000 Investment in Kura Sushi USA, Inc. $KRUS

Key Points

• Trexquant Investment LP has acquired 11,188 shares of Kura Sushi USA, Inc., valued at approximately $573,000, indicating increased interest from institutional investors in the company's stock.
• Kura Sushi USA reported a better-than-expected earnings with $0.05 EPS, beating analysts' estimates, and had a revenue of $73.97 million for the recently posted quarter.
• Research firms have mixed views on Kura Sushi, with Roth Capital maintaining a "buy" rating and a price target increase to $106, while Wall Street Zen downgraded the stock from a "hold" to a "sell" rating.

Trexquant Investment LP acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,188 shares of the company's stock, valued at approximately $573,000. Trexquant Investment LP owned approximately 0.09% of Kura Sushi USA at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Deutsche Bank AG lifted its position in Kura Sushi USA by 3.6% in the first quarter. Deutsche Bank AG now owns 5,500 shares of the company's stock valued at $282,000 after purchasing an additional 191 shares during the period. Bank of America Corp DE lifted its position in Kura Sushi USA by 4.2% in the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company's stock valued at $535,000 after purchasing an additional 238 shares during the period. US Bancorp DE lifted its position in Kura Sushi USA by 14.8% in the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock valued at $106,000 after purchasing an additional 268 shares during the period. Valmark Advisers Inc. lifted its position in Kura Sushi USA by 4.1% in the first quarter. Valmark Advisers Inc. now owns 7,913 shares of the company's stock valued at $405,000 after purchasing an additional 309 shares during the period. Finally, Corebridge Financial Inc. lifted its position in Kura Sushi USA by 12.2% in the first quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock valued at $169,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded down $3.35 during trading on Friday, reaching $79.67. 352,079 shares of the company's stock traded hands, compared to its average volume of 201,099. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $110.66. The company has a 50 day moving average of $81.84 and a 200-day moving average of $70.09. The stock has a market capitalization of $963.53 million, a P/E ratio of -99.59 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. The business had revenue of $73.97 million during the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. Equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KRUS shares. Barclays raised their price objective on shares of Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Roth Capital reiterated a "buy" rating and set a $106.00 price target (up from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Lake Street Capital lifted 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 report on Wednesday, July 9th. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, TD Securities reissued a "hold" rating and set a $79.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.78.

Kura Sushi USA Company Profile