JPMorgan Chase & Co. Raises Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

JPMorgan Chase & Co. raised its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 840.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,548 shares of the company’s stock after acquiring an additional 29,980 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Kura Sushi USA worth $3,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KRUS. State Street Corp grew its holdings in shares of Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after purchasing an additional 1,016 shares during the last quarter. Barclays PLC boosted its position in Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after buying an additional 9,229 shares during the period. Kings Path Partners LLC grew its stake in shares of Kura Sushi USA by 8.2% during the fourth quarter. Kings Path Partners LLC now owns 11,015 shares of the company’s stock valued at $998,000 after buying an additional 831 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of Kura Sushi USA by 13.4% in the fourth quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock worth $2,089,000 after buying an additional 2,728 shares during the period. Finally, Calamos Advisors LLC bought a new stake in shares of Kura Sushi USA in the 4th quarter valued at about $1,567,000. 65.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KRUS has been the topic of several recent research reports. Barclays reduced their price target on 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. Lake Street Capital cut their target price on shares of Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. TD Securities reiterated a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Benchmark cut 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 report on Tuesday, March 25th. Finally, TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.20.

Kura Sushi USA Price Performance

KRUS stock opened at $58.42 on Tuesday. Kura Sushi USA, Inc. has a 1 year low of $40.03 and a 1 year high of $121.99. The firm has a 50-day moving average of $57.79 and a 200 day moving average of $79.05. The company has a market cap of $704.90 million, a P/E ratio of -85.91 and a beta of 1.72.

Kura Sushi USA (NASDAQ:KRUS) last announced 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). Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. During the same period in the prior year, the company posted ($0.09) EPS. On average, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Company Profile