Quantbot Technologies LP Buys Shares of 671 Kura Sushi USA, Inc. (NASDAQ:KRUS)

Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 671 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds also recently made changes to their positions in KRUS. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA in the fourth quarter worth $31,000. US Bancorp DE lifted its position in Kura Sushi USA by 43.5% during 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. Janus Henderson Group PLC bought a new stake in Kura Sushi USA during the 3rd quarter worth about $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after buying an additional 1,644 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kura Sushi USA in the 4th quarter valued at about $750,000. 65.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Securities started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Benchmark cut their price target 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. Citigroup decreased their price objective on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday, February 21st. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Kura Sushi USA Stock Up 3.0 %

Shares of NASDAQ:KRUS opened at $52.74 on Wednesday. The stock has a market cap of $636.36 million, a PE ratio of -77.56 and a beta of 1.82. Kura Sushi USA, Inc. has a 12-month low of $47.46 and a 12-month high of $121.99. The business has a 50 day moving average of $66.08 and a 200-day moving average of $82.46.

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 Buying and Selling

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

About Kura Sushi USA