King Luther Capital Management Corp Buys 20,432 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

King Luther Capital Management Corp boosted its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 113.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,497 shares of the company’s stock after acquiring an additional 20,432 shares during the quarter. King Luther Capital Management Corp owned 0.32% of Kura Sushi USA worth $3,487,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KRUS. FMR LLC lifted its position in Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after acquiring an additional 390,688 shares in the last quarter. Fred Alger Management LLC lifted its position in Kura Sushi USA by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares in the last quarter. Verition Fund Management LLC lifted its position in Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after buying an additional 46,549 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Kura Sushi USA during the 4th quarter worth about $4,097,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Kura Sushi USA during the 3rd quarter worth about $2,609,000. 65.49% of the stock is owned by institutional investors.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at approximately $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on KRUS. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. TD Securities began coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Friday, February 21st. Finally, TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.20.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $54.35 on Thursday. The firm’s 50-day moving average is $75.56 and its 200-day moving average is $83.59. The stock has a market cap of $655.79 million, a price-to-earnings ratio of -79.93 and a beta of 1.82. Kura Sushi USA, Inc. has a 52-week low of $48.66 and a 52-week high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last announced 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 3.08% and a negative return on equity of 0.50%. Sell-side analysts predict that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile