Geode Capital Management LLC Boosts Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Geode Capital Management LLC raised its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 142,521 shares of the company’s stock after buying an additional 4,192 shares during the period. Geode Capital Management LLC owned about 1.18% of Kura Sushi USA worth $12,913,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new stake in Kura Sushi USA during the fourth quarter worth about $31,000. Quantbot Technologies LP purchased a new stake in Kura Sushi USA in the 4th quarter worth approximately $61,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Kura Sushi USA during the 4th quarter worth approximately $109,000. US Bancorp DE increased its holdings in shares of Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after purchasing an additional 547 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at $750,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Down 0.1 %

KRUS opened at $58.42 on Tuesday. The firm has a market capitalization of $704.90 million, a PE ratio of -85.91 and a beta of 1.72. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99. The firm’s 50-day moving average price is $57.79 and its 200 day moving average price is $79.05.

Kura Sushi USA (NASDAQ:KRUS) last posted 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). The company had revenue of $64.89 million during the quarter, compared to analysts’ expectations of $66.30 million. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. During the same quarter last year, the company earned ($0.09) earnings per share. As a group, analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KRUS. Barclays dropped 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, April 9th. TD Cowen began coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target for the company. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. TD Securities reaffirmed a “hold” rating and set a $72.00 target price on shares of Kura Sushi USA in a research note on Friday, April 4th. Finally, Benchmark dropped their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.20.

Kura Sushi USA Profile