Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP reduced its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 52.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,089 shares of the company’s stock after selling 58,822 shares during the period. Wasatch Advisors LP owned about 0.48% of Kura Sushi USA worth $6,229,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Kura Sushi USA during the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC increased its stake in Kura Sushi USA by 237.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after buying an additional 746 shares during the period. SG Americas Securities LLC purchased a new stake in Kura Sushi USA during the 4th quarter worth approximately $113,000. Red Door Wealth Management LLC purchased a new stake in Kura Sushi USA during the 1st quarter worth approximately $237,000. Finally, Trexquant Investment LP increased its stake in Kura Sushi USA by 29.5% during the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock worth $350,000 after buying an additional 1,208 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on KRUS shares. Craig Hallum dropped their price objective on shares of Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday. Roth Mkm reissued a “buy” rating and issued a $90.00 price objective (down from $120.00) on shares of Kura Sushi USA in a research report on Friday. Citigroup increased their price objective on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Benchmark reissued a “buy” rating and issued a $115.00 price objective on shares of Kura Sushi USA in a research report on Friday. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.38.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock traded up $0.78 during trading hours on Tuesday, hitting $61.18. The company had a trading volume of 253,450 shares, compared to its average volume of 140,901. The company’s 50-day moving average is $96.73 and its two-hundred day moving average is $96.60. Kura Sushi USA, Inc. has a twelve month low of $51.02 and a twelve month high of $122.81. The company has a market cap of $687.05 million, a P/E ratio of 440.03 and a beta of 1.87.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Thursday, April 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). Kura Sushi USA had a net margin of 0.73% and a return on equity of 0.95%. The company had revenue of $57.29 million during the quarter, compared to analyst estimates of $56.65 million. Sell-side analysts expect that Kura Sushi USA, Inc. will post 0.24 EPS for the current year.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the sale, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Kura Sushi USA Profile