Rhumbline Advisers Has $1.23 Million Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rhumbline Advisers raised its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 70.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,521 shares of the company’s stock after acquiring an additional 5,567 shares during the quarter. Rhumbline Advisers’ holdings in Kura Sushi USA were worth $1,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRUS. Royce & Associates LP grew its holdings in shares of Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company’s stock valued at $2,981,000 after acquiring an additional 4,000 shares in the last quarter. Quest Partners LLC boosted its position in Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares during the last quarter. Jennison Associates LLC grew its stake in Kura Sushi USA by 32.2% in the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after purchasing an additional 1,292 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth approximately $2,609,000. Finally, FMR LLC raised its stake in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after purchasing an additional 390,688 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KRUS shares. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Friday, February 21st. TD Securities initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. Barclays upped their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. TD Cowen initiated coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. Finally, Craig Hallum upped their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Kura Sushi USA Stock Down 0.8 %

Shares of NASDAQ:KRUS opened at $60.26 on Thursday. The stock has a market cap of $727.10 million, a PE ratio of -88.62 and a beta of 1.82. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81. The business has a 50 day moving average of $78.98 and a 200-day moving average of $83.86.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. Equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Insider Activity

In related news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Kura Sushi USA Company Profile