SG Americas Securities LLC bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,981 shares of the company’s stock, valued at approximately $130,000.
Several other hedge funds have also bought and sold shares of KRUS. Premier Fund Managers Ltd lifted its stake in Kura Sushi USA by 1,955.0% in the 4th quarter. Premier Fund Managers Ltd now owns 333,870 shares of the company’s stock valued at $2,865,000 after purchasing an additional 317,623 shares during the last quarter. FMR LLC lifted its position in Kura Sushi USA by 80,772.3% during the second quarter. FMR LLC now owns 228,060 shares of the company’s stock worth $11,296,000 after acquiring an additional 227,778 shares during the last quarter. Marshall Wace LLP lifted its position in Kura Sushi USA by 148.6% during the fourth quarter. Marshall Wace LLP now owns 204,837 shares of the company’s stock worth $9,767,000 after acquiring an additional 122,457 shares during the last quarter. Pier Capital LLC acquired a new stake in Kura Sushi USA during the fourth quarter worth approximately $3,478,000. Finally, Renaissance Technologies LLC acquired a new stake in Kura Sushi USA during the third quarter worth approximately $4,062,000. 48.08% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on KRUS. Stephens raised their price objective on shares of Kura Sushi USA from $85.00 to $95.00 in a research report on Friday, July 7th. Lake Street Capital assumed coverage on shares of Kura Sushi USA in a report on Wednesday, April 26th. They set a “hold” rating and a $65.00 target price on the stock. Barclays assumed coverage on shares of Kura Sushi USA in a report on Thursday, July 20th. They set an “equal weight” rating and a $95.00 target price on the stock. Craig Hallum raised their target price on shares of Kura Sushi USA from $88.00 to $108.00 in a report on Friday, July 7th. Finally, Benchmark raised their target price on shares of Kura Sushi USA from $76.00 to $100.00 in a report on Friday, July 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and an average price target of $86.75.
Get Our Latest Stock Analysis on Kura Sushi USA
Kura Sushi USA Price Performance
Shares of NASDAQ:KRUS opened at $93.65 on Monday. Kura Sushi USA, Inc. has a 1 year low of $37.97 and a 1 year high of $110.00. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 2,341.84 and a beta of 1.92. The company’s 50 day simple moving average is $92.77 and its 200 day simple moving average is $75.04.
Kura Sushi USA (NASDAQ:KRUS – Get Free Report) last issued its earnings results on Thursday, July 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Kura Sushi USA had a net margin of 0.28% and a return on equity of 0.61%. The firm had revenue of $49.24 million for the quarter, compared to analyst estimates of $49.20 million. During the same quarter last year, the business posted $0.05 earnings per share. As a group, analysts anticipate that Kura Sushi USA, Inc. will post 0.12 EPS for the current fiscal year.
Kura Sushi USA Profile
Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States. The company’s restaurants provide Japanese cuisine through an engaging revolving sushi service model, which is known as Kura Experience’. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.
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