Kura Sushi USA, Inc. (NASDAQ:KRUS) Stake Lessened by Fmr LLC

FMR LLC lowered its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,144,831 shares of the company's stock after selling 101,528 shares during the period. FMR LLC owned approximately 9.48% of Kura Sushi USA worth $103,699,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth $31,000. Quantbot Technologies LP acquired a new stake in Kura Sushi USA in the 4th quarter valued at about $61,000. KLP Kapitalforvaltning AS purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at about $109,000. US Bancorp DE grew its position in shares of Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after buying an additional 547 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Kura Sushi USA by 47.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,868 shares of the company's stock valued at $260,000 after purchasing an additional 924 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KRUS. Lake Street Capital dropped their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Benchmark reduced their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Barclays cut their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. TD Cowen started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 target price on the stock. Finally, Citigroup dropped their price target on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $77.20.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded up $3.17 during mid-day trading on Friday, hitting $58.50. 411,315 shares of the company traded hands, compared to its average volume of 203,600. Kura Sushi USA, Inc. has a 52-week low of $40.03 and a 52-week high of $121.99. The firm's 50 day simple moving average is $58.11 and its 200 day simple moving average is $79.21. The firm has a market cap of $705.86 million, a P/E ratio of -86.03 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last announced its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to analysts' expectations of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same quarter last year, the company posted ($0.09) earnings per share. Equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Profile