Fred Alger Management LLC Decreases Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Fred Alger Management LLC reduced its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 24.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 383,181 shares of the company's stock after selling 122,419 shares during the quarter. Fred Alger Management LLC owned approximately 3.17% of Kura Sushi USA worth $34,709,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Kura Sushi USA by 4.2% in the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company's stock valued at $535,000 after purchasing an additional 238 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Kura Sushi USA in the 4th quarter worth about $31,000. Price T Rowe Associates Inc. MD increased its stake in Kura Sushi USA by 13.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company's stock valued at $360,000 after buying an additional 466 shares during the last quarter. US Bancorp DE lifted its position in shares of Kura Sushi USA by 43.5% during 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, Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA in the 4th quarter worth approximately $61,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Stock Up 0.5 %

Shares of NASDAQ:KRUS traded up $0.31 during midday trading on Friday, reaching $60.85. 313,738 shares of the company traded hands, compared to its average volume of 213,106. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The firm's fifty day moving average price is $55.16 and its two-hundred day moving average price is $76.63. The firm has a market capitalization of $735.37 million, a price-to-earnings ratio of -89.48 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $66.30 million. During the same period in the prior year, the firm posted ($0.09) EPS. Analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen began coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target for the company. Benchmark lowered their target price on Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Citigroup cut their price target 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. William Blair restated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Finally, Barclays dropped their target price 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the 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 Company Profile