Barclays PLC Has $957,000 Stock Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Barclays PLC reduced its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,573 shares of the company’s stock after selling 760 shares during the quarter. Barclays PLC owned about 0.09% of Kura Sushi USA worth $957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KRUS. SBI Securities Co. Ltd. bought a new position in shares of Kura Sushi USA during the fourth quarter worth approximately $750,000. Rhumbline Advisers increased its position in Kura Sushi USA by 70.0% during the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after buying an additional 5,567 shares during the period. King Luther Capital Management Corp increased its position in Kura Sushi USA by 113.1% during the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock worth $3,487,000 after buying an additional 20,432 shares during the period. Sei Investments Co. lifted its holdings in shares of Kura Sushi USA by 108.5% during the fourth quarter. Sei Investments Co. now owns 49,094 shares of the company’s stock worth $4,447,000 after buying an additional 25,550 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $4,097,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $60.90 on Tuesday. The company’s 50 day moving average price is $55.22 and its two-hundred day moving average price is $77.41. The firm has a market capitalization of $735.98 million, a P/E ratio of -89.56 and a beta of 1.55. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million for the quarter, compared to analyst estimates 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 last year, the business earned ($0.09) EPS. On average, analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KRUS has been the subject of several analyst reports. TD Cowen initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective for the company. Lake Street Capital lowered 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. William Blair reiterated 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. Finally, Barclays dropped their price objective on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.20.

About Kura Sushi USA