Hood River Capital Management LLC Buys 105,316 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Hood River Capital Management LLC increased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 109.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 201,806 shares of the company's stock after buying an additional 105,316 shares during the period. Hood River Capital Management LLC owned 1.67% of Kura Sushi USA worth $18,280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Kura Sushi USA by 13.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company's stock valued at $360,000 after purchasing an additional 466 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Kura Sushi USA by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 154,722 shares of the company's stock valued at $14,014,000 after buying an additional 1,460 shares in the last quarter. Formula Growth Ltd. increased its position in Kura Sushi USA by 22.0% during the 4th quarter. Formula Growth Ltd. now owns 40,563 shares of the company's stock worth $3,674,000 after buying an additional 7,328 shares during the period. Concourse Financial Group Securities Inc. acquired a new stake in shares of Kura Sushi USA during the fourth quarter worth $215,000. Finally, Marshall Wace LLP boosted its position in shares of Kura Sushi USA by 85.5% in the fourth quarter. Marshall Wace LLP now owns 188,707 shares of the company's stock valued at $17,093,000 after acquiring an additional 87,001 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

Kura Sushi USA Price Performance

KRUS stock traded down $3.87 during midday trading on Monday, reaching $58.96. 144,463 shares of the stock were exchanged, compared to its average volume of 207,677. The stock has a market capitalization of $712.58 million, a PE ratio of -86.06 and a beta of 1.72. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $121.99. The company has a fifty day moving average price of $56.37 and a 200 day moving average price of $78.46.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Citigroup cut their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Benchmark reduced their price target on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Lake Street Capital dropped their price objective on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Finally, TD Securities reaffirmed a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a research note on Friday, April 4th. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Profile