Truist Financial Corp Sells 215 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Truist Financial Corp lessened its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,534 shares of the company’s stock after selling 215 shares during the period. Truist Financial Corp’s holdings in Kura Sushi USA were worth $230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in shares of Kura Sushi USA by 438.6% in the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after acquiring an additional 9,229 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Kura Sushi USA in the 3rd quarter valued at about $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 acquiring an additional 1,644 shares during the period. Fred Alger Management LLC grew its position in shares of Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after acquiring an additional 99,515 shares during the period. Finally, Millrace Asset Group Inc. bought a new position in shares of Kura Sushi USA in the 3rd quarter valued at about $790,000. Institutional investors own 65.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company. Piper Sandler lifted their target price 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. Craig Hallum lifted their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” 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 stock an “equal weight” rating in a report on Friday, November 8th. Finally, TD Securities assumed coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Kura Sushi USA Stock Down 6.7 %

Shares of Kura Sushi USA stock opened at $56.22 on Friday. Kura Sushi USA, Inc. has a twelve month low of $48.66 and a twelve month high of $122.81. The company has a 50-day simple moving average of $78.29 and a two-hundred day simple moving average of $83.67. The stock has a market capitalization of $678.35 million, a price-to-earnings ratio of -82.68 and a beta of 1.82.

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, topping 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%. On average, sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the business’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 value of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Kura Sushi USA Profile