Stephens Inc. AR Has $67.63 Million Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Stephens Inc. AR decreased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 746,652 shares of the company’s stock after selling 84,492 shares during the period. Kura Sushi USA accounts for approximately 0.9% of Stephens Inc. AR’s holdings, making the stock its 14th biggest holding. Stephens Inc. AR owned about 6.19% of Kura Sushi USA worth $67,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Calamos Advisors LLC bought a new position in Kura Sushi USA in the fourth quarter valued at about $1,567,000. Moody National Bank Trust Division boosted its stake in shares of Kura Sushi USA by 13.4% in the 4th quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock valued at $2,089,000 after purchasing an additional 2,728 shares during the last quarter. Kings Path Partners LLC grew its position in shares of Kura Sushi USA by 8.2% during the 4th quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock worth $998,000 after buying an additional 831 shares during the period. Barclays PLC raised its stake in shares of Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after buying an additional 9,229 shares during the last quarter. Finally, State Street Corp boosted its stake in Kura Sushi USA by 0.8% in the third quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after acquiring an additional 1,016 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Stock Performance

NASDAQ:KRUS opened at $73.20 on Friday. The stock’s 50 day moving average price is $89.09 and its two-hundred day moving average price is $81.93. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data 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 analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

KRUS has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Barclays boosted their price target 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. Lake Street Capital raised their price objective on Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Craig Hallum boosted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their target price on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Kura Sushi USA Company Profile