The Manufacturers Life Insurance Company Takes $204,000 Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

The Manufacturers Life Insurance Company acquired a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,254 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 12 West Capital Management LP increased its stake in shares of Kura Sushi USA by 12.8% in the fourth quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock worth $50,400,000 after purchasing an additional 63,000 shares in the last quarter. Portolan Capital Management LLC lifted its holdings in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after acquiring an additional 156,723 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company’s stock worth $32,413,000 after acquiring an additional 19,025 shares during the last quarter. Voya Investment Management LLC increased its stake in Kura Sushi USA by 1.6% in the 4th quarter. Voya Investment Management LLC now owns 204,583 shares of the company’s stock worth $18,531,000 after buying an additional 3,217 shares during the period. Finally, Hood River Capital Management LLC increased its stake in Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after buying an additional 105,316 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Up 0.8%

Kura Sushi USA stock opened at $67.64 on Monday. Kura Sushi USA, Inc. has a 52-week low of $40.03 and a 52-week high of $112.61. The firm has a market capitalization of $817.43 million, a price-to-earnings ratio of -99.47 and a beta of 1.55. The company has a fifty day simple moving average of $56.21 and a 200-day simple moving average of $75.41.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data 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 net margin of 3.08% and a negative return on equity of 0.50%. The firm had revenue of $64.89 million during the quarter, compared to analysts’ expectations of $66.30 million. During the same period in the prior year, the company posted ($0.09) EPS. On average, research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Benchmark cut their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Lake Street Capital lowered their target price 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. TD Cowen assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. Barclays cut their target price on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, TD Securities reissued a “hold” rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.20.

About Kura Sushi USA