Raymond James Financial Inc. Makes New $4.10 Million Investment in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Raymond James Financial Inc. acquired a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 45,226 shares of the company's stock, valued at approximately $4,097,000. Raymond James Financial Inc. owned approximately 0.37% of Kura Sushi USA at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in shares of Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company's stock valued at $914,000 after acquiring an additional 9,229 shares during the last quarter. Kings Path Partners LLC lifted its stake in shares of Kura Sushi USA by 8.2% in the 4th quarter. Kings Path Partners LLC now owns 11,015 shares of the company's stock valued at $998,000 after purchasing an additional 831 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Kura Sushi USA by 13.4% during the 4th quarter. Moody National Bank Trust Division now owns 23,067 shares of the company's stock worth $2,089,000 after purchasing an additional 2,728 shares during the period. Calamos Advisors LLC acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $1,567,000. Finally, Rhumbline Advisers raised its holdings in Kura Sushi USA by 70.0% in the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock valued at $1,225,000 after buying an additional 5,567 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

Analyst Ratings Changes

KRUS has been the subject of several recent research reports. Citigroup dropped 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 research report on Thursday, April 10th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. TD Securities reaffirmed a "hold" rating and issued a $72.00 target price on shares of Kura Sushi USA in a research report on Friday, April 4th. Lake Street Capital reduced their price target 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. Finally, TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a "hold" rating and a $72.00 target price on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Kura Sushi USA currently has an average rating of "Moderate Buy" and a consensus target price of $77.20.

Kura Sushi USA Trading Up 1.5 %

KRUS stock traded up $0.87 during mid-day trading on Thursday, hitting $59.75. 144,647 shares of the company were exchanged, compared to its average volume of 208,908. The company has a market capitalization of $722.02 million, a PE ratio of -87.43 and a beta of 1.72. The firm has a fifty day simple moving average of $55.52 and a 200 day simple moving average of $78.05. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same quarter in the previous year, the company earned ($0.09) EPS. As a group, sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Kura Sushi USA Profile