Envestnet Asset Management Inc. Trims Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Envestnet Asset Management Inc. trimmed its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,155 shares of the company’s stock after selling 515 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Kura Sushi USA worth $418,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KRUS. BNP Paribas Financial Markets purchased a new position in shares of Kura Sushi USA in the fourth quarter worth approximately $77,000. KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA during the fourth quarter valued at approximately $109,000. GAMMA Investing LLC raised its position in Kura Sushi USA by 30,191.7% in the first quarter. GAMMA Investing LLC now owns 3,635 shares of the company’s stock worth $186,000 after acquiring an additional 3,623 shares during the period. The Manufacturers Life Insurance Company bought a new position in Kura Sushi USA in the fourth quarter worth approximately $204,000. Finally, Concourse Financial Group Securities Inc. purchased a new position in shares of Kura Sushi USA during the 4th quarter worth $215,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Trading Down 2.0%

Shares of KRUS opened at $84.42 on Thursday. The business’s 50 day moving average is $81.19 and its 200 day moving average is $69.22. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66. The company has a market capitalization of $1.02 billion, a PE ratio of -105.53 and a beta of 1.80.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, July 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $73,965 billion for the quarter, compared to the consensus estimate of $71.82 million. Kura Sushi USA had a negative net margin of 3.48% and a negative return on equity of 0.49%. Equities research analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KRUS. Benchmark restated a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, July 9th. TD Securities restated a “hold” rating and issued a $79.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Citigroup raised their price objective on Kura Sushi USA from $85.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Lake Street Capital boosted their price objective on Kura Sushi USA from $62.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “hold” rating in a report on Saturday, July 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and an average target price of $92.30.

Kura Sushi USA Profile