Quantbot Technologies LP Invests $61,000 in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Quantbot Technologies LP purchased a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 671 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors have also made changes to their positions in KRUS. FMR LLC lifted its holdings in Kura Sushi USA by 45.7% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kura Sushi USA by 33.4% during 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 worth $529,000 after acquiring an additional 1,644 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Kura Sushi USA by 914.2% during the third quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after acquiring an additional 46,549 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA during the third quarter valued at $237,000. Finally, Portolan Capital Management LLC boosted its holdings in Kura Sushi USA by 15.3% in the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KRUS has been the subject of several recent research reports. TD Securities assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective for the company. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Friday, February 21st. Citigroup reduced their price objective on shares of Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. TD Cowen began coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.50.

Kura Sushi USA Stock Up 3.0 %

KRUS opened at $52.74 on Wednesday. The stock has a market cap of $636.36 million, a P/E ratio of -77.56 and a beta of 1.82. Kura Sushi USA, Inc. has a 12 month low of $47.46 and a 12 month high of $121.99. The company has a fifty day simple moving average of $66.08 and a 200 day simple moving average of $82.46.

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

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction on 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 directly owns 1,313 shares in the company, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

About Kura Sushi USA