Barclays PLC Boosts Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Barclays PLC increased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 438.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,333 shares of the company’s stock after buying an additional 9,229 shares during the quarter. Barclays PLC owned about 0.09% of Kura Sushi USA worth $914,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after acquiring an additional 1,016 shares during the period. Portolan Capital Management LLC raised its stake in shares of Kura Sushi USA by 15.3% in the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after purchasing an additional 28,655 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Kura Sushi USA during the third quarter worth about $237,000. Fred Alger Management LLC lifted its holdings in shares of Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after purchasing an additional 99,515 shares during the period. Finally, Verition Fund Management LLC boosted its position in Kura Sushi USA by 914.2% in the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock valued at $4,160,000 after buying an additional 46,549 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several 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. Lake Street Capital boosted their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Craig Hallum increased their price target on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays boosted their price objective 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. Finally, Piper Sandler raised their target price on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.75.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $83.82 on Wednesday. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -107.46 and a beta of 1.84. The stock has a 50 day simple moving average of $95.89 and a 200-day simple moving average of $79.60.

Kura Sushi USA (NASDAQ:KRUS) last posted its quarterly earnings data 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 3.70% and a negative return on equity of 1.22%. Analysts anticipate that Kura Sushi USA, Inc. will post 0.09 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile