Vanguard Group Inc. Increases Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Vanguard Group Inc. grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,842 shares of the company's stock after purchasing an additional 19,025 shares during the period. Vanguard Group Inc. owned approximately 2.96% of Kura Sushi USA worth $32,413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new position in Kura Sushi USA during the fourth quarter worth about $31,000. US Bancorp DE grew its holdings in shares of Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after purchasing an additional 547 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kura Sushi USA in the fourth quarter worth approximately $61,000. Kings Path Partners LLC raised its stake in Kura Sushi USA by 8.2% in the fourth 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. Finally, State Street Corp lifted its position in Kura Sushi USA by 0.8% during the third quarter. State Street Corp now owns 128,068 shares of the company's stock valued at $10,317,000 after purchasing an additional 1,016 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Up 5.7 %

KRUS stock traded up $3.17 during midday trading on Friday, hitting $58.50. The company had a trading volume of 411,315 shares, compared to its average volume of 203,600. The stock has a market cap of $705.86 million, a price-to-earnings ratio of -86.03 and a beta of 1.72. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $121.99. The stock's 50 day moving average price is $58.11 and its 200 day moving average price is $79.21.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. Analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KRUS. Benchmark lowered their price objective on shares of Kura Sushi USA from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. TD Securities restated a "hold" rating and set a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. William Blair reiterated an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. TD Cowen began coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a "hold" rating and a $72.00 price objective on the stock. Finally, Lake Street Capital cut their target price on Kura Sushi USA from $103.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.20.

About Kura Sushi USA