Envestnet Asset Management Inc. Sells 2,902 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Envestnet Asset Management Inc. lowered its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,670 shares of the company’s stock after selling 2,902 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Kura Sushi USA worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP bought a new stake in shares of Kura Sushi USA in the fourth quarter worth $61,000. KLP Kapitalforvaltning AS acquired a new stake in Kura Sushi USA in the fourth quarter valued at $109,000. US Bancorp DE raised its position in Kura Sushi USA by 43.5% during 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 last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Kura Sushi USA by 47.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,868 shares of the company’s stock worth $260,000 after buying an additional 924 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Up 2.8 %

KRUS opened at $61.51 on Friday. The company has a fifty day moving average price of $55.32 and a two-hundred day moving average price of $77.73. 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 $743.35 million, a P/E ratio of -90.45 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned ($0.09) earnings per share. On average, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Benchmark decreased their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. TD Cowen started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price for the company. Citigroup dropped their price target on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Barclays decreased their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Finally, Lake Street Capital dropped 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.20.

Kura Sushi USA Company Profile