Trexquant Investment LP Acquires New Shares 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 first quarter, according to its most recent filing with the SEC. The fund 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 quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Corebridge Financial Inc. lifted its holdings in shares of Kura Sushi USA by 12.2% during the 1st quarter. Corebridge Financial Inc. now owns 3,304 shares of the company's stock worth $169,000 after acquiring an additional 360 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Kura Sushi USA by 13.0% in the first quarter. MetLife Investment Management LLC now owns 3,842 shares of the company's stock worth $197,000 after purchasing an additional 441 shares during the last quarter. AlphaQuest LLC bought a new stake in Kura Sushi USA in the first quarter worth $68,000. Quantbot Technologies LP lifted its stake in Kura Sushi USA by 4,345.3% in the first quarter. Quantbot Technologies LP now owns 29,828 shares of the company's stock worth $1,527,000 after purchasing an additional 29,157 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Kura Sushi USA by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 100,193 shares of the company's stock worth $5,130,000 after purchasing an additional 5,233 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Down 1.6%

KRUS stock opened at $80.19 on Tuesday. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66. The firm's 50-day moving average price is $82.50 and its two-hundred day moving average price is $69.71. The stock has a market capitalization of $969.50 million, a price-to-earnings ratio of -100.24 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $73.97 million 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%. Kura Sushi USA has set its FY 2025 guidance at EPS. Equities analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on KRUS. Roth Capital reissued 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. Wall Street Zen downgraded shares of Kura Sushi USA from a "hold" rating to a "sell" rating in a research note on Friday. Lake Street Capital boosted their price target on shares of Kura Sushi USA from $62.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Benchmark reissued a "buy" rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Finally, Barclays boosted their price target on shares of Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average price target of $92.30.

About Kura Sushi USA

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