New York State Common Retirement Fund Has $1.52 Million Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

New York State Common Retirement Fund grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 19,952 shares of the company’s stock after acquiring an additional 953 shares during the period. New York State Common Retirement Fund’s holdings in Kura Sushi USA were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Kura Sushi USA during the fourth quarter worth $113,000. Trexquant Investment LP lifted its position in Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock worth $350,000 after buying an additional 1,208 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of Kura Sushi USA by 101.2% during 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 last quarter. Legato Capital Management LLC grew its holdings in shares of Kura Sushi USA by 35.2% in the 4th quarter. Legato Capital Management LLC now owns 14,584 shares of the company’s stock valued at $1,108,000 after acquiring an additional 3,796 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Kura Sushi USA in the third quarter valued at about $1,322,000. 65.49% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Seitaro Ishii sold 5,000 shares of Kura Sushi USA stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the sale, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $144,390.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Kura Sushi USA Price Performance

NASDAQ:KRUS opened at $106.15 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of 758.21 and a beta of 1.98. The firm’s fifty day moving average price is $106.55 and its two-hundred day moving average price is $87.99. Kura Sushi USA, Inc. has a one year low of $51.02 and a one year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Thursday, April 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. As a group, equities research analysts expect that Kura Sushi USA, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

KRUS has been the subject of several recent research reports. Craig Hallum increased their price target on Kura Sushi USA from $90.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Barclays raised their target price on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Roth Mkm upped their price target on shares of Kura Sushi USA from $87.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Finally, Piper Sandler started coverage on shares of Kura Sushi USA in a research note on Wednesday, April 24th. They set a “neutral” rating and a $114.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

Kura Sushi USA Profile