Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 4,834 shares of Kura Sushi USA, valued at approximately $248,000, during the first quarter.
• Analysts have a consensus rating of "Moderate Buy" for Kura Sushi USA, with a target price of $92.30, reflecting positive outlook and interest from institutional investors.
• Kura Sushi reported a quarterly EPS of $0.05, exceeding expectations, and demonstrated revenue of approximately $73.97 million, indicating strong financial performance.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,834 shares of the company's stock, valued at approximately $248,000.

Several other hedge funds have also added to or reduced their stakes in KRUS. Jennison Associates LLC increased its holdings in shares of Kura Sushi USA by 26.6% in the first quarter. Jennison Associates LLC now owns 6,709 shares of the company's stock worth $344,000 after acquiring an additional 1,411 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Kura Sushi USA by 25.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,352 shares of the company's stock worth $530,000 after buying an additional 2,071 shares during the period. Bank of New York Mellon Corp lifted its stake in Kura Sushi USA by 10.2% in the first quarter. Bank of New York Mellon Corp now owns 15,043 shares of the company's stock valued at $770,000 after buying an additional 1,397 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of 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 buying an additional 309 shares during the period. Finally, Wesbanco Bank Inc. acquired a new position in Kura Sushi USA in the 1st quarter worth $1,244,000. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Stock Down 7.5%

Shares of KRUS traded down $6.28 during trading hours on Friday, hitting $76.86. The company had a trading volume of 139,795 shares, compared to its average volume of 286,285. The business has a fifty day moving average of $81.53 and a 200-day moving average of $69.28. The firm has a market cap of $929.18 million, a price-to-earnings ratio of -96.07 and a beta of 1.80. 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, July 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $73,965 billion for the quarter, compared to analysts' expectations of $71.82 million. On average, equities analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

KRUS has been the subject of several research reports. Roth Capital reaffirmed a "buy" rating and set 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 raised Kura Sushi USA from a "strong sell" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays increased their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. TD Securities restated a "hold" rating and set a $79.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 9th. Finally, Lake Street Capital upped 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 report on Wednesday, July 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.30.

About Kura Sushi USA