Vanguard Group Inc. Has $32.41 Million Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Vanguard Group Inc. increased its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,842 shares of the company’s stock after purchasing an additional 19,025 shares during the period. Vanguard Group Inc.’s holdings in Kura Sushi USA were worth $32,413,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new stake in 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 4th quarter worth approximately $61,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $109,000. US Bancorp DE boosted its position in shares of 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 acquiring an additional 547 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Kura Sushi USA in the third quarter valued at approximately $237,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Down 3.2 %

Shares of Kura Sushi USA stock opened at $49.26 on Monday. The stock has a market cap of $594.37 million, a price-to-earnings ratio of -72.44 and a beta of 1.72. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99. The company’s fifty day moving average is $59.94 and its 200 day moving average is $80.05.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results 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 company had revenue of $64.89 million during the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same period in the previous year, the company posted ($0.09) EPS. As a group, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KRUS. Barclays cut their target price on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. TD Securities restated a “hold” rating and set a $72.00 price objective 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 research report on Wednesday, April 9th. Benchmark dropped 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 report on Tuesday, March 25th. Finally, Citigroup decreased their price target on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday. Five research 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 a consensus rating of “Moderate Buy” and a consensus target price of $77.20.

Insider Buying and Selling

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA 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 document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.

Kura Sushi USA Profile