Wellington Management Group LLP Sells 235,006 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Wellington Management Group LLP cut its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 90.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 235,006 shares during the quarter. Wellington Management Group LLP owned 0.22% of Kura Sushi USA worth $2,014,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KRUS. Quest Partners LLC lifted its holdings in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares in the last quarter. Versor Investments LP purchased a new position in Kura Sushi USA in the 2nd quarter worth about $233,000. Janus Henderson Group PLC bought a new position in Kura Sushi USA during the 3rd quarter valued at about $237,000. Jennison Associates LLC boosted its holdings in shares of Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Kura Sushi USA by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock valued at $516,000 after acquiring an additional 350 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Northcoast Research started coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective on the stock. Barclays increased their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Craig Hallum lifted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler increased their target price on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

Kura Sushi USA Stock Performance

NASDAQ KRUS opened at $91.70 on Thursday. The business’s fifty day moving average is $96.04 and its 200 day moving average is $78.95. Kura Sushi USA, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The company has a market capitalization of $1.10 billion, a PE ratio of -117.56 and a beta of 1.80.

Kura Sushi USA Profile