Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Purchased by Formula Growth Ltd.

Formula Growth Ltd. boosted its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,563 shares of the company's stock after acquiring an additional 7,328 shares during the quarter. Formula Growth Ltd. owned 0.34% of Kura Sushi USA worth $3,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $31,000. Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA in the fourth quarter valued at $61,000. KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA during the 4th quarter worth $109,000. US Bancorp DE lifted its holdings in Kura Sushi USA by 43.5% in the 4th 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, Concourse Financial Group Securities Inc. acquired a new stake in shares of Kura Sushi USA during the fourth quarter valued at about $215,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

Analyst Ratings Changes

KRUS has been the subject of a number of recent analyst reports. TD Securities restated a "hold" rating and set a $72.00 price objective on shares of Kura Sushi USA in a research note on Friday, April 4th. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Benchmark lowered their price target on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Lake Street Capital decreased their price objective on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Citigroup dropped their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded down $1.17 during trading on Thursday, hitting $60.12. 130,802 shares of the stock were exchanged, compared to its average volume of 206,022. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The stock's fifty day moving average is $57.12 and its 200 day moving average is $78.79. The stock has a market cap of $725.36 million, a PE ratio of -87.66 and a beta of 1.72.

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

About Kura Sushi USA