Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,067 shares of the company’s stock after purchasing an additional 2,728 shares during the quarter. Moody National Bank Trust Division owned about 0.19% of Kura Sushi USA worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Quest Partners LLC increased its stake in Kura Sushi USA by 237.9% during the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares during the period. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA during the 3rd quarter valued at about $237,000. Jennison Associates LLC grew its stake in shares of Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after purchasing an additional 1,292 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Kura Sushi USA by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after purchasing an additional 350 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Kura Sushi USA during the second quarter valued at approximately $521,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Performance

Shares of KRUS traded down $3.29 during trading hours on Monday, hitting $84.28. 75,896 shares of the company were exchanged, compared to its average volume of 209,558. The firm’s 50 day moving average is $96.39 and its 200-day moving average is $79.44. Kura Sushi USA, Inc. has a 52 week low of $48.66 and a 52 week high of $122.81. The company has a market cap of $1.01 billion, a PE ratio of -108.05 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. As a group, equities analysts forecast that Kura Sushi USA, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on KRUS. Barclays upped their price target on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Lake Street Capital boosted their target price on Kura Sushi USA from $78.00 to $103.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Craig Hallum increased their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.75.

About Kura Sushi USA