Alliancebernstein L.P. Cuts Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Alliancebernstein L.P. lowered its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,630 shares of the company’s stock after selling 1,010 shares during the quarter. Alliancebernstein L.P.’s holdings in Kura Sushi USA were worth $510,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in Kura Sushi USA during the fourth quarter worth about $31,000. Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA during the fourth quarter worth approximately $61,000. KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA during the 4th quarter valued at $109,000. US Bancorp DE raised its position in Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after purchasing an additional 547 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Kura Sushi USA in the fourth quarter worth $750,000. 65.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KRUS has been the subject of a number of recent research reports. Citigroup lowered their target price on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. TD Securities reissued a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. Barclays decreased their price objective 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, April 9th. Finally, Lake Street Capital reduced their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.20.

Kura Sushi USA Stock Up 5.7 %

Shares of KRUS stock opened at $58.50 on Monday. The stock has a market cap of $705.86 million, a P/E ratio of -86.03 and a beta of 1.72. The company’s fifty day simple moving average is $58.11 and its two-hundred day simple moving average is $79.23. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $121.99.

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

Kura Sushi USA Profile