Granahan Investment Management LLC Buys 51,599 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Granahan Investment Management LLC lifted its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,029 shares of the company's stock after purchasing an additional 51,599 shares during the period. Kura Sushi USA accounts for about 1.4% of Granahan Investment Management LLC's portfolio, making the stock its 20th biggest position. Granahan Investment Management LLC owned 3.04% of Kura Sushi USA worth $33,245,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA during the fourth quarter valued at about $31,000. Quantbot Technologies LP acquired a new position in Kura Sushi USA during the 4th quarter worth approximately $61,000. BNP Paribas Financial Markets acquired a new position in Kura Sushi USA during the 4th quarter worth approximately $77,000. KLP Kapitalforvaltning AS bought a new position in Kura Sushi USA in the fourth quarter worth approximately $109,000. Finally, US Bancorp DE grew its stake 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 acquiring an additional 547 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

Wall Street Analyst Weigh In

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

Kura Sushi USA Stock Down 4.2%

Kura Sushi USA stock traded down $2.94 during mid-day trading on Thursday, reaching $67.04. 216,610 shares of the company's stock were exchanged, compared to its average volume of 214,022. Kura Sushi USA, Inc. has a one year low of $40.03 and a one year high of $117.76. The firm has a market capitalization of $810.12 million, a PE ratio of -98.40 and a beta of 1.55. The business's fifty day simple moving average is $55.75 and its 200 day simple moving average is $76.20.

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). The company had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the previous year, the company earned ($0.09) EPS. On average, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Profile