RiverPark Advisors LLC Has $167,000 Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

RiverPark Advisors LLC grew its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 293.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,452 shares of the company’s stock after purchasing an additional 1,083 shares during the period. RiverPark Advisors LLC’s holdings in Kura Sushi USA were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quest Partners LLC bought a new position in Kura Sushi USA in the 4th quarter valued at approximately $36,000. Tower Research Capital LLC TRC lifted its stake in Kura Sushi USA by 237.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $81,000 after purchasing an additional 746 shares during the last quarter. SG Americas Securities LLC bought a new position in Kura Sushi USA in the 4th quarter valued at approximately $113,000. Red Door Wealth Management LLC bought a new position in Kura Sushi USA in the 1st quarter valued at approximately $237,000. Finally, Trexquant Investment LP lifted its stake in Kura Sushi USA by 29.5% in the 3rd quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock valued at $350,000 after purchasing an additional 1,208 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Roth Mkm reissued a “buy” rating and issued a $90.00 price objective (down previously from $120.00) on shares of Kura Sushi USA in a research note on Friday, June 28th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $115.00 price target on shares of Kura Sushi USA in a research note on Friday, June 28th. Barclays dropped their price target on shares of Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Finally, Citigroup raised their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA has an average rating of “Moderate Buy” and an average price target of $100.00.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the sale, the director now directly owns 1,313 shares in the company, valued at $144,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Kura Sushi USA Stock Down 5.6 %

NASDAQ:KRUS traded down $3.49 during trading hours on Tuesday, reaching $58.47. The company had a trading volume of 397,809 shares, compared to its average volume of 144,427. The firm has a market cap of $656.62 million, a price-to-earnings ratio of 417.67 and a beta of 1.87. The business’s 50-day simple moving average is $90.67 and its two-hundred day simple moving average is $96.12. Kura Sushi USA, Inc. has a twelve month low of $51.02 and a twelve month high of $122.81.

Kura Sushi USA Profile