Campbell & CO Investment Adviser LLC Takes $457,000 Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUSFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,012 shares of the company’s stock, valued at approximately $457,000. Campbell & CO Investment Adviser LLC owned approximately 0.05% of Kura Sushi USA at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millrace Asset Group Inc. purchased a new position in Kura Sushi USA during the 4th quarter worth $1,499,000. Quest Partners LLC bought a new stake in Kura Sushi USA in the 4th quarter worth about $36,000. Nicholas Investment Partners LP grew its position in Kura Sushi USA by 23.5% in the 4th quarter. Nicholas Investment Partners LP now owns 28,190 shares of the company’s stock worth $2,142,000 after purchasing an additional 5,366 shares in the last quarter. Valmark Advisers Inc. increased its stake in Kura Sushi USA by 2.8% in the 4th quarter. Valmark Advisers Inc. now owns 16,601 shares of the company’s stock valued at $1,262,000 after buying an additional 448 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Kura Sushi USA by 5.0% during the 4th quarter. New York State Common Retirement Fund now owns 19,952 shares of the company’s stock worth $1,516,000 after buying an additional 953 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction 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 sale, the director now owns 1,313 shares in the company, valued at $144,390.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on KRUS. Roth Mkm upped their target price on Kura Sushi USA from $87.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 5th. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Craig Hallum lifted their target price on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Piper Sandler started coverage on shares of Kura Sushi USA in a research report on Wednesday, April 24th. They set a “neutral” rating and a $114.00 price target for the company. Finally, Barclays lifted their price objective on shares of Kura Sushi USA from $82.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.50.

View Our Latest Research Report on Kura Sushi USA

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $87.84 on Monday. The stock has a market capitalization of $986.44 million, a P/E ratio of 627.47 and a beta of 1.93. Kura Sushi USA, Inc. has a 52-week low of $51.02 and a 52-week high of $122.81. The stock’s 50-day simple moving average is $105.64 and its 200 day simple moving average is $94.41.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last posted its earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.08). The business had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $56.65 million. Kura Sushi USA had a return on equity of 0.95% and a net margin of 0.73%. Equities research analysts forecast that Kura Sushi USA, Inc. will post 0.26 EPS for the current fiscal year.

Kura Sushi USA Profile

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Further Reading

Institutional Ownership by Quarter for Kura Sushi USA (NASDAQ:KRUS)

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