Corebridge Financial Inc. Has $267,000 Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Corebridge Financial Inc. reduced its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,944 shares of the company’s stock after selling 223 shares during the quarter. Corebridge Financial Inc.’s holdings in Kura Sushi USA were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KRUS. Raymond James Financial Inc. bought a new position in Kura Sushi USA in the 4th quarter valued at $4,097,000. Sei Investments Co. boosted its holdings in Kura Sushi USA by 108.5% in the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company’s stock valued at $4,447,000 after acquiring an additional 25,550 shares during the last quarter. King Luther Capital Management Corp increased its position in Kura Sushi USA by 113.1% in the fourth quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock worth $3,487,000 after purchasing an additional 20,432 shares during the period. Vanguard Group Inc. raised its holdings in Kura Sushi USA by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company’s stock worth $32,413,000 after purchasing an additional 19,025 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in Kura Sushi USA during the 4th quarter valued at about $1,567,000. Institutional investors own 65.49% of the company’s stock.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KRUS shares. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday. Benchmark cut their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Citigroup dropped their target price on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday. Barclays reduced their price target on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, TD Cowen initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Kura Sushi USA currently has an average rating of “Moderate Buy” and an average target price of $77.20.

Kura Sushi USA Trading Down 3.2 %

Shares of Kura Sushi USA stock opened at $49.26 on Friday. The business has a 50-day moving average price of $59.94 and a two-hundred day moving average price of $80.06. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $121.99. The company has a market cap of $594.37 million, a P/E ratio of -72.44 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $64.89 million for the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the company earned ($0.09) earnings per share. Equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Profile