SG Americas Securities LLC Buys New Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

SG Americas Securities LLC bought a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,481 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Kura Sushi USA by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after acquiring an additional 2,731 shares during the period. Trexquant Investment LP boosted its holdings in Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock valued at $350,000 after acquiring an additional 1,208 shares during the period. Valmark Advisers Inc. lifted its holdings in Kura Sushi USA by 101.2% in the 3rd quarter. Valmark Advisers Inc. now owns 16,153 shares of the company’s stock worth $1,068,000 after buying an additional 8,123 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Kura Sushi USA by 14.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock worth $13,865,000 after buying an additional 25,985 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Kura Sushi USA by 1.4% in the 3rd quarter. New York State Common Retirement Fund now owns 18,999 shares of the company’s stock worth $1,256,000 after buying an additional 259 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Kura Sushi USA Stock Down 0.9 %

KRUS opened at $109.04 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of 778.91 and a beta of 1.98. The business has a 50 day moving average of $104.30 and a 200-day moving average of $83.75. Kura Sushi USA, Inc. has a 52 week low of $51.02 and a 52 week high of $122.81.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup increased their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Benchmark increased their price objective on Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Craig Hallum increased their price objective on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Lake Street Capital increased their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $108.86.

Kura Sushi USA Company Profile