Next Century Growth Investors LLC Acquires New Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Next Century Growth Investors LLC bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 60,485 shares of the company's stock, valued at approximately $5,479,000. Next Century Growth Investors LLC owned about 0.50% of Kura Sushi USA at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at about $4,097,000. Russell Investments Group Ltd. lifted its position in Kura Sushi USA by 52.2% during the fourth quarter. Russell Investments Group Ltd. now owns 94,960 shares of the company's stock valued at $8,601,000 after buying an additional 32,581 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Kura Sushi USA by 840.2% during the fourth quarter. JPMorgan Chase & Co. now owns 33,548 shares of the company's stock worth $3,039,000 after buying an additional 29,980 shares during the period. Sei Investments Co. increased its position in shares of Kura Sushi USA by 108.5% in the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company's stock worth $4,447,000 after acquiring an additional 25,550 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Kura Sushi USA by 41.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 78,948 shares of the company's stock worth $7,151,000 after acquiring an additional 22,991 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Securities reiterated a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a research note on Friday, April 4th. Citigroup dropped their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a "hold" rating and a $72.00 target price for the company. Barclays lowered 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 report on Wednesday, April 9th. Finally, William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.20.

Kura Sushi USA Stock Up 5.1 %

NASDAQ KRUS traded up $2.84 on Thursday, hitting $58.17. The stock had a trading volume of 278,710 shares, compared to its average volume of 202,413. The company's 50-day moving average is $58.75 and its two-hundred day moving average is $79.49. Kura Sushi USA, Inc. has a one year low of $40.03 and a one year high of $121.99. The stock has a market cap of $701.90 million, a price-to-earnings ratio of -85.59 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results 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 business had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. On average, sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Profile