Kura Sushi USA, Inc. (NASDAQ:KRUS) Position Raised by Marshall Wace LLP

Marshall Wace LLP increased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 85.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,707 shares of the company's stock after purchasing an additional 87,001 shares during the quarter. Marshall Wace LLP owned approximately 1.56% of Kura Sushi USA worth $17,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 12 West Capital Management LP lifted its position in Kura Sushi USA by 12.8% during the fourth quarter. 12 West Capital Management LP now owns 556,415 shares of the company's stock worth $50,400,000 after buying an additional 63,000 shares during the period. Portolan Capital Management LLC lifted its holdings in shares of Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company's stock worth $33,809,000 after acquiring an additional 156,723 shares during the period. Vanguard Group Inc. boosted its position in shares of Kura Sushi USA by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 357,842 shares of the company's stock worth $32,413,000 after acquiring an additional 19,025 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kura Sushi USA by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 142,521 shares of the company's stock valued at $12,913,000 after purchasing an additional 4,192 shares during the period. Finally, State Street Corp raised its stake in Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company's stock worth $10,317,000 after purchasing an additional 1,016 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Cowen began coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price on the stock. Lake Street Capital decreased their target price 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. 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 reiterated an "outperform" rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Finally, Barclays cut 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Stock Performance

Shares of KRUS stock traded up $1.77 during mid-day trading on Friday, reaching $62.83. 191,605 shares of the company were exchanged, compared to its average volume of 207,348. The business's 50 day simple moving average is $56.37 and its 200 day simple moving average is $78.52. The company has a market capitalization of $759.30 million, a P/E ratio of -92.40 and a beta of 1.72. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99.

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

Kura Sushi USA Profile