US Bancorp DE Grows Stock Position in Kura Sushi USA, Inc. $KRUS

US Bancorp DE boosted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 14.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,073 shares of the company’s stock after buying an additional 268 shares during the period. US Bancorp DE’s holdings in Kura Sushi USA were worth $106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Kura Sushi USA by 4.2% during the 4th quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock valued at $535,000 after buying an additional 238 shares during the period. Valmark Advisers Inc. raised its holdings in Kura Sushi USA by 4.1% during the 1st quarter. Valmark Advisers Inc. now owns 7,913 shares of the company’s stock valued at $405,000 after buying an additional 309 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Kura Sushi USA by 13.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock valued at $360,000 after buying an additional 466 shares during the period. BNP Paribas Financial Markets purchased a new stake in Kura Sushi USA during the 4th quarter valued at $77,000. Finally, Wells Fargo & Company MN raised 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 valued at $260,000 after buying an additional 924 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

NASDAQ:KRUS opened at $77.23 on Monday. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $110.66. The company has a 50-day moving average of $82.18 and a 200 day moving average of $69.12. The firm has a market cap of $933.71 million, a PE ratio of -96.54 and a beta of 1.80.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, July 8th. The company reported $0.05 earnings per share 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 return on equity of 0.49% and a negative net margin of 3.48%. Sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on KRUS shares. Benchmark restated a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, July 9th. Citigroup increased their target price 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. TD Securities reiterated a “hold” rating and issued a $79.00 target price on shares of Kura Sushi USA in a research note on Wednesday, July 9th. Wall Street Zen lowered Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Roth Capital reiterated a “buy” rating and issued a $106.00 target price (up previously from $89.00) on shares of Kura Sushi USA in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $92.30.

Kura Sushi USA Company Profile