Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,900 shares of the company's stock after purchasing an additional 4,700 shares during the quarter. Two Sigma Advisers LP owned about 0.25% of Kura Sushi USA worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KRUS. Arcadia Investment Management Corp MI purchased a new position in shares of Kura Sushi USA in the 4th quarter worth $31,000. Quantbot Technologies LP acquired a new stake in Kura Sushi USA during the fourth quarter worth about $61,000. BNP Paribas Financial Markets purchased a new position in shares of Kura Sushi USA in the 4th quarter worth about $77,000. KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA in the 4th quarter worth about $109,000. Finally, US Bancorp DE lifted its stake in shares of 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 purchasing an additional 547 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KRUS. Barclays dropped their target price on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Citigroup dropped their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 target price on the stock. TD Securities reaffirmed a "hold" rating and set a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. Finally, William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Kura Sushi USA has a consensus rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Trading Up 0.1%

NASDAQ:KRUS traded up $0.05 on Friday, reaching $65.89. The stock had a trading volume of 173,950 shares, compared to its average volume of 218,147. The company has a 50-day moving average of $58.34 and a 200 day moving average of $73.29. The stock has a market cap of $796.28 million, a P/E ratio of -96.90 and a beta of 1.55. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The business had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter last year, the firm posted ($0.09) EPS. On average, equities analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

About Kura Sushi USA