US Bancorp DE Acquires 547 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

US Bancorp DE raised its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 43.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,805 shares of the company’s stock after buying an additional 547 shares during the quarter. US Bancorp DE’s holdings in Kura Sushi USA were worth $163,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KRUS. Royce & Associates LP grew its position in shares of Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company’s stock worth $2,981,000 after buying an additional 4,000 shares during the last quarter. Quest Partners LLC grew 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. Jennison Associates LLC grew its position in shares of Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after buying an additional 1,292 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Kura Sushi USA in the 3rd quarter worth approximately $2,609,000. Finally, FMR LLC grew its position in shares of Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock worth $100,407,000 after buying an additional 390,688 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Insider Transactions 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 completion of the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Kura Sushi USA Trading Up 1.2 %

Kura Sushi USA stock opened at $50.55 on Friday. The business’s fifty day simple moving average is $73.65 and its two-hundred day simple moving average is $83.36. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81. The company has a market capitalization of $609.94 million, a price-to-earnings ratio of -74.34 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate 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 research analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Friday, February 21st. TD Securities started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, TD Cowen started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and an average price target of $86.20.

Kura Sushi USA Profile