Charles Schwab Investment Management Inc. Purchases 2,648 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Charles Schwab Investment Management Inc. increased its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,144 shares of the company’s stock after purchasing an additional 2,648 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.40% of Kura Sushi USA worth $4,361,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KRUS. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $31,000. Quest Partners LLC grew its stake in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares during the period. US Bancorp DE increased its position in shares of Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after purchasing an additional 547 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Kura Sushi USA in the third quarter worth about $237,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kura Sushi USA by 33.4% in the third 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 purchasing an additional 1,644 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRUS. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Securities began coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Friday, February 21st. Citigroup lowered their target price on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Kura Sushi USA Trading Down 7.1 %

NASDAQ:KRUS opened at $54.41 on Thursday. The company has a 50-day moving average price of $68.01 and a 200-day moving average price of $82.85. The stock has a market cap of $656.51 million, a price-to-earnings ratio of -80.01 and a beta of 1.82. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) 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%. Equities analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

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 shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company’s stock.

Kura Sushi USA Company Profile