Vanguard Group Inc. Raises Stock Position 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. increased its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 366,043 shares of the company's stock after purchasing an additional 8,201 shares during the quarter. Vanguard Group Inc. owned approximately 3.03% of Kura Sushi USA worth $18,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in Kura Sushi USA during the fourth quarter worth about $77,000. US Bancorp DE boosted its holdings in Kura Sushi USA by 14.8% during the first quarter. US Bancorp DE now owns 2,073 shares of the company's stock worth $106,000 after purchasing an additional 268 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Kura Sushi USA during the fourth quarter worth about $204,000. Wells Fargo & Company MN boosted its holdings in Kura Sushi USA by 47.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,868 shares of the company's stock worth $260,000 after purchasing an additional 924 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Kura Sushi USA by 30,191.7% during the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company's stock worth $186,000 after purchasing an additional 3,623 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 4.5%

Shares of NASDAQ KRUS traded down $3.78 during midday trading on Thursday, hitting $80.84. The company's stock had a trading volume of 88,640 shares, compared to its average volume of 278,466. The stock has a fifty day moving average price of $82.60 and a 200 day moving average price of $69.70. Kura Sushi USA, Inc. has a one year low of $40.03 and a one year high of $110.66. The firm has a market capitalization of $977.68 million, a price-to-earnings ratio of -101.25 and a beta of 1.79.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) 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 company had revenue of $73.97 million for the quarter, compared to analyst estimates of $71.82 million. Kura Sushi USA has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Kura Sushi USA from $85.00 to $96.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Roth Capital reaffirmed a "buy" rating and issued a $106.00 price objective (up previously from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Barclays lifted their price objective on shares of 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. Benchmark reaffirmed a "buy" rating on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Finally, Lake Street Capital lifted their price objective 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 Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Kura Sushi USA Profile