Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the company’s stock after selling 14,000 shares during the period. Royce & Associates LP owned about 0.19% of Kura Sushi USA worth $2,083,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA in the fourth quarter worth $31,000. Quest Partners LLC lifted its position in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after buying an additional 547 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $237,000. Finally, Jennison Associates LLC raised its stake in Kura Sushi USA by 32.2% during the third quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after acquiring an additional 1,292 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Stock Up 0.6 %

KRUS stock opened at $53.67 on Friday. The company has a 50-day simple moving average of $70.17 and a 200 day simple moving average of $82.87. The company has a market capitalization of $647.58 million, a P/E ratio of -78.93 and a beta of 1.82. Kura Sushi USA, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Insider Buying and Selling at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction 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 sale, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on KRUS. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Securities assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. TD Cowen assumed coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. Finally, Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.20.

Kura Sushi USA Profile