Rhumbline Advisers Purchases 5,567 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rhumbline Advisers boosted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 70.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,521 shares of the company’s stock after purchasing an additional 5,567 shares during the period. Rhumbline Advisers owned about 0.11% of Kura Sushi USA worth $1,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after buying an additional 9,229 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Kura Sushi USA during the 3rd quarter valued at $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kura Sushi USA by 33.4% in 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 purchasing an additional 1,644 shares during the last quarter. Fred Alger Management LLC boosted its stake in Kura Sushi USA by 24.5% in 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 in the last quarter. Finally, Millrace Asset Group Inc. acquired a new position in Kura Sushi USA in the third quarter worth $790,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Trading Down 0.8 %

Kura Sushi USA stock opened at $60.26 on Thursday. The firm has a market capitalization of $727.10 million, a P/E ratio of -88.62 and a beta of 1.82. The business has a 50-day moving average of $78.98 and a 200-day moving average of $83.86. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. Research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction that occurred 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 approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRUS. TD Cowen began coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. 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 on the stock. Barclays increased their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Friday, February 21st. Finally, Craig Hallum raised their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus target price of $86.20.

Kura Sushi USA Profile