Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Position Reduced by Wasatch Advisors LP

Wasatch Advisors LP reduced its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,307 shares of the company's stock after selling 21,989 shares during the period. Wasatch Advisors LP owned 0.74% of Kura Sushi USA worth $8,089,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA during the fourth quarter worth about $31,000. Quantbot Technologies LP bought a new stake in shares of Kura Sushi USA during the fourth quarter valued at approximately $61,000. KLP Kapitalforvaltning AS acquired a new position in shares of Kura Sushi USA during the fourth quarter worth approximately $109,000. US Bancorp DE grew its holdings in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company's stock worth $163,000 after buying an additional 547 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Kura Sushi USA by 47.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,868 shares of the company's stock valued at $260,000 after acquiring an additional 924 shares during the period. 65.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KRUS shares. William Blair reissued an "outperform" rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Lake Street Capital dropped their price target on shares of 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. TD Securities reiterated a "hold" rating and issued a $72.00 price objective on shares of Kura Sushi USA in a report on Friday, April 4th. Citigroup dropped their target price on Kura Sushi USA from $71.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, Barclays lowered their price target on Kura Sushi USA from $75.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.20.

Kura Sushi USA Trading Down 0.3 %

Shares of KRUS traded down $0.18 during midday trading on Tuesday, hitting $58.24. The stock had a trading volume of 79,094 shares, compared to its average volume of 203,939. 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 simple moving average of $57.79 and a two-hundred day simple moving average of $79.05. The firm has a market cap of $702.77 million, a P/E ratio of -85.68 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted 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 firm had revenue of $64.89 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted ($0.09) earnings per share. On average, analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile