Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 387.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,477 shares of the company's stock after buying an additional 27,408 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.29% of Kura Sushi USA worth $3,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Kura Sushi USA in the 4th quarter valued at about $750,000. Barclays PLC increased its position in shares of Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company's stock worth $914,000 after purchasing an additional 9,229 shares in the last quarter. Rhumbline Advisers increased its position in Kura Sushi USA by 70.0% during the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company's stock worth $1,225,000 after buying an additional 5,567 shares during the period. King Luther Capital Management Corp raised its position in Kura Sushi USA by 113.1% in the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company's stock valued at $3,487,000 after purchasing an additional 20,432 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Kura Sushi USA by 108.5% during the 4th quarter. Sei Investments Co. now owns 49,094 shares of the company's stock worth $4,447,000 after purchasing an additional 25,550 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

KRUS stock traded down $1.04 during midday trading on Wednesday, reaching $60.05. 180,833 shares of the company's stock traded hands, compared to its average volume of 210,763. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The business has a 50-day moving average price of $55.19 and a two-hundred day moving average price of $77.29. The company has a market capitalization of $725.68 million, a P/E ratio of -88.77 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The company had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in 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. Lake Street Capital dropped their price objective on shares of Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Benchmark reduced their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. TD Cowen initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a "hold" rating and a $72.00 price target on the stock. Finally, 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 research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Kura Sushi USA has an average rating of "Moderate Buy" and an average target price of $77.20.

Kura Sushi USA Company Profile