Vanguard Group Inc. Boosts Holdings in Kura Sushi USA, Inc. $KRUS

Key Points

• Vanguard Group Inc. has increased its stake in Kura Sushi USA, now owning 3.03% of the company with a total of 366,043 shares valued at approximately $18.74 million.
• Institutional investors hold a substantial portion of Kura Sushi USA, with hedge funds owning 65.49% of the company's stock, indicating strong institutional interest.
• Kura Sushi USA reported earnings of $0.05 EPS, surpassing analysts' expectations and establishing a FY 2025 EPS guidance with forecasts of 0.22 EPS for the current year.

Vanguard Group Inc. grew its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,043 shares of the company's stock after buying an additional 8,201 shares during the quarter. Vanguard Group Inc. owned 3.03% of Kura Sushi USA worth $18,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Granahan Investment Management LLC grew its stake in Kura Sushi USA by 16.4% in the 4th quarter. Granahan Investment Management LLC now owns 367,029 shares of the company's stock valued at $33,245,000 after acquiring an additional 51,599 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $24,063,000. Ameriprise Financial Inc. grew its position in shares of Kura Sushi USA by 22.2% in the fourth quarter. Ameriprise Financial Inc. now owns 255,627 shares of the company's stock valued at $23,153,000 after purchasing an additional 46,493 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Kura Sushi USA by 2.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 212,711 shares of the company's stock valued at $19,267,000 after purchasing an additional 5,279 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Kura Sushi USA by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 154,722 shares of the company's stock worth $14,014,000 after purchasing an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Stock Down 1.8%

Shares of KRUS traded down $1.53 during mid-day trading on Thursday, hitting $83.09. The company had a trading volume of 324,802 shares, compared to its average volume of 211,660. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66. The business's 50-day simple moving average is $82.63 and its 200-day simple moving average is $69.74. The stock has a market cap of $1.00 billion, a PE ratio of -103.86 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.07. The business had revenue of $73.97 million during the quarter, compared to the consensus estimate 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. On average, sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on KRUS. Roth Capital reaffirmed a "buy" rating and issued a $106.00 target price (up previously from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Citigroup boosted their price target on Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. TD Securities reaffirmed a "hold" rating and set a $79.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Barclays lifted their price objective on Kura Sushi USA from $71.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Benchmark restated a "buy" rating on shares of Kura Sushi USA in a report 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.30.

Kura Sushi USA Company Profile