JPMorgan Chase & Co. Grows Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

JPMorgan Chase & Co. grew its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 840.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,548 shares of the company's stock after purchasing an additional 29,980 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Kura Sushi USA worth $3,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA during the fourth quarter worth $31,000. Quantbot Technologies LP acquired a new position in Kura Sushi USA in the 4th quarter worth about $61,000. KLP Kapitalforvaltning AS bought a new position in Kura Sushi USA in the fourth quarter valued at about $109,000. US Bancorp DE raised its position in Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock valued at $163,000 after purchasing an additional 547 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Kura Sushi USA during the fourth quarter valued at about $750,000. 65.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Lake Street Capital reduced their price objective on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Benchmark lowered their target price on 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. TD Securities reiterated a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. Finally, William Blair restated an "outperform" rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Trading Up 2.9 %

NASDAQ KRUS traded up $1.77 on Friday, hitting $62.83. 191,605 shares of the company were exchanged, compared to its average volume of 207,348. The stock has a fifty day moving average of $56.37 and a 200-day moving average of $78.52. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The company has a market cap of $759.30 million, a PE ratio of -92.40 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its 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 net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. On average, analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Company Profile