Jane Street Group LLC Sells 27,684 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Jane Street Group LLC trimmed its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 80.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,915 shares of the company’s stock after selling 27,684 shares during the quarter. Jane Street Group LLC owned 0.06% of Kura Sushi USA worth $557,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after buying an additional 350 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kura Sushi USA by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after buying an additional 8,146 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Kura Sushi USA in the second quarter worth $1,155,000. XTX Topco Ltd purchased a new position in shares of Kura Sushi USA in the second quarter worth $521,000. Finally, Rheos Capital Works Inc. increased its position in Kura Sushi USA by 6.3% during the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after purchasing an additional 12,000 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $100.21 on Monday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -128.47 and a beta of 1.84. The firm’s 50-day moving average is $96.92 and its 200 day moving average is $79.14. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KRUS shares. Craig Hallum boosted their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Northcoast Research initiated 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Company Profile