Lazard Asset Management LLC Has $5.43 Million Stock Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Lazard Asset Management LLC decreased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,989 shares of the company's stock after selling 14,850 shares during the period. Lazard Asset Management LLC owned 0.50% of Kura Sushi USA worth $5,433,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA during the 4th quarter worth $31,000. Quantbot Technologies LP acquired a new position in shares of Kura Sushi USA during the 4th quarter worth about $61,000. BNP Paribas Financial Markets bought a new stake in Kura Sushi USA during the 4th quarter valued at approximately $77,000. KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the 4th quarter valued at approximately $109,000. Finally, US Bancorp DE increased its position 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 during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS traded up $0.07 during midday trading on Wednesday, reaching $65.56. 47,309 shares of the company's stock were exchanged, compared to its average volume of 215,313. The company's 50 day simple moving average is $56.76 and its two-hundred day simple moving average is $75.11. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $110.66. The firm has a market capitalization of $792.29 million, a PE ratio of -96.19 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $64.89 million during the quarter, compared to analyst estimates 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 last year, the company earned ($0.09) EPS. On average, research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

KRUS has been the subject of several research reports. Citigroup reduced their price objective on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. TD Securities reissued a "hold" rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. TD Cowen initiated coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Benchmark cut their price objective on shares of 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. Finally, Barclays decreased their target price on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.20.

About Kura Sushi USA