Kura Sushi USA, Inc. (NASDAQ:KRUS) Stock Position Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 84.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,568 shares of the company’s stock after selling 19,811 shares during the period. JPMorgan Chase & Co.’s holdings in Kura Sushi USA were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its position in shares of Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the period. Janus Henderson Group PLC acquired a new stake in Kura Sushi USA during the 3rd quarter worth about $237,000. Jennison Associates LLC boosted its position in Kura Sushi USA by 32.2% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Millrace Asset Group Inc. acquired a new position in shares of Kura Sushi USA in the 3rd quarter valued at about $790,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated 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 directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on KRUS shares. Piper Sandler raised their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays lifted their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Craig Hallum lifted their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Lake Street Capital upped their target price on Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Kura Sushi USA Price Performance

NASDAQ KRUS opened at $81.21 on Friday. Kura Sushi USA, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The stock’s 50-day moving average is $92.92 and its two-hundred day moving average is $80.99. The firm has a market cap of $980.20 million, a P/E ratio of -119.42 and a beta of 1.84.

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

About Kura Sushi USA