Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,044 shares of the company’s stock after selling 7,185 shares during the period. Northern Trust Corp owned approximately 0.91% of Kura Sushi USA worth $9,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KRUS. Portolan Capital Management LLC grew its holdings in shares of Kura Sushi USA by 72.4% in the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock worth $33,809,000 after acquiring an additional 156,723 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Kura Sushi USA by 109.1% in the 4th quarter. Hood River Capital Management LLC now owns 201,806 shares of the company’s stock worth $18,280,000 after acquiring an additional 105,316 shares during the period. Marshall Wace LLP grew its holdings in shares of Kura Sushi USA by 85.5% in the 4th quarter. Marshall Wace LLP now owns 188,707 shares of the company’s stock worth $17,093,000 after acquiring an additional 87,001 shares during the period. 12 West Capital Management LP grew its holdings in shares of Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock worth $50,400,000 after acquiring an additional 63,000 shares during the period. Finally, Next Century Growth Investors LLC acquired a new stake in shares of Kura Sushi USA in the 4th quarter worth approximately $5,479,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Stock Up 0.8%

Shares of NASDAQ:KRUS opened at $67.64 on Friday. The company has a market cap of $817.43 million, a P/E ratio of -99.47 and a beta of 1.55. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $112.61. The business has a fifty day simple moving average of $56.21 and a 200-day simple moving average of $75.58.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The business 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 period in the prior year, the firm earned ($0.09) EPS. Sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on KRUS. Barclays lowered their price target on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Citigroup dropped their price target on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Lake Street Capital dropped their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Benchmark dropped their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Finally, TD Cowen started coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. 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 stock has an average rating of “Moderate Buy” and an average target price of $77.20.

Kura Sushi USA Profile