10,058 Shares in Kura Sushi USA, Inc. (NASDAQ:KRUS) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,058 shares of the company’s stock, valued at approximately $740,000. Cubist Systematic Strategies LLC owned about 0.10% of Kura Sushi USA as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in Kura Sushi USA by 6.7% in the first quarter. BlackRock Inc. now owns 247,111 shares of the company’s stock worth $13,629,000 after purchasing an additional 15,517 shares during the period. FMR LLC grew its stake in shares of Kura Sushi USA by 80,772.3% in 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. Vanguard Group Inc. grew its stake in shares of Kura Sushi USA by 4.0% in the first quarter. Vanguard Group Inc. now owns 214,371 shares of the company’s stock worth $11,822,000 after acquiring an additional 8,201 shares during the last quarter. Divisadero Street Capital Management LP grew its stake in shares of Kura Sushi USA by 619.5% in the second quarter. Divisadero Street Capital Management LP now owns 115,126 shares of the company’s stock worth $5,702,000 after acquiring an additional 99,126 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Kura Sushi USA by 10.3% in the second quarter. State Street Corp now owns 80,279 shares of the company’s stock worth $3,976,000 after acquiring an additional 7,509 shares during the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

KRUS stock opened at $66.69 on Friday. Kura Sushi USA, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $96.60. The business’s 50-day moving average is $58.58 and its two-hundred day moving average is $65.21. The company has a market cap of $652.90 million, a price-to-earnings ratio of -416.81 and a beta of 1.95.

Kura Sushi USA (NASDAQ:KRUS – Get Rating) last posted its earnings results on Thursday, January 5th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). Kura Sushi USA had a negative net margin of 1.05% and a negative return on equity of 1.54%. The firm had revenue of $39.32 million during the quarter, compared to the consensus estimate of $39.90 million. Equities analysts predict that Kura Sushi USA, Inc. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

KRUS has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on Kura Sushi USA from $70.00 to $53.00 and set a “market perform” rating on the stock in a research note on Friday, January 6th. Stephens reaffirmed an “overweight” rating and set a $85.00 price target on shares of Kura Sushi USA in a report on Friday, January 13th. TheStreet downgraded Kura Sushi USA from a “c” rating to a “d+” rating in a report on Wednesday, November 23rd. Craig Hallum lowered their price target on Kura Sushi USA to $82.00 in a report on Wednesday, November 16th. Finally, Benchmark initiated coverage on Kura Sushi USA in a report on Tuesday, February 14th. They set a “buy” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.50.

About Kura Sushi USA

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Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.