UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,624 shares of the company’s stock after acquiring an additional 1,052 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kura Sushi USA were worth $691,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Kura Sushi USA by 4.2% during the fourth quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock valued at $535,000 after acquiring an additional 238 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA during the fourth quarter valued at about $31,000. Price T Rowe Associates Inc. MD raised its stake in shares of Kura Sushi USA by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock valued at $360,000 after acquiring an additional 466 shares during the last quarter. US Bancorp DE raised its stake 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 valued at $163,000 after acquiring an additional 547 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Kura Sushi USA during the fourth quarter valued at about $61,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KRUS has been the subject of several recent analyst reports. Citigroup lowered their price objective on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Barclays lowered their price objective on shares of 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. Benchmark lowered their price objective 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. Lake Street Capital lowered their price objective on shares of 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. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.20.

Kura Sushi USA Price Performance

KRUS stock opened at $81.70 on Thursday. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $110.66. The company has a market cap of $987.34 million, a P/E ratio of -120.15 and a beta of 1.61. The firm has a 50-day moving average of $62.40 and a 200 day moving average of $72.72.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The company had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. During the same period in the previous year, the company earned ($0.09) earnings per share. On average, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Profile