SBI Securities Co. Ltd. Takes $750,000 Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

SBI Securities Co. Ltd. purchased a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,281 shares of the company’s stock, valued at approximately $750,000.

A number of other large investors have also recently bought and sold shares of the business. US Bancorp DE increased its stake in Kura Sushi USA by 43.5% in the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after purchasing an additional 547 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Kura Sushi USA during the fourth quarter worth about $31,000. Rhumbline Advisers increased its position in Kura Sushi USA by 70.0% in the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock valued at $1,225,000 after acquiring an additional 5,567 shares during the period. Calamos Advisors LLC purchased a new stake in Kura Sushi USA during the 4th quarter valued at approximately $1,567,000. Finally, Moody National Bank Trust Division lifted its position in Kura Sushi USA by 13.4% during the 4th quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock worth $2,089,000 after acquiring an additional 2,728 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KRUS shares. Craig Hallum boosted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. TD Cowen started 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 objective for the company. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, Barclays raised their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Insider Buying and Selling

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

Kura Sushi USA Trading Down 2.5 %

Shares of NASDAQ:KRUS opened at $60.62 on Tuesday. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81. The stock’s 50-day moving average price is $80.18 and its two-hundred day moving average price is $84.04. The firm has a market cap of $731.44 million, a price-to-earnings ratio of -89.15 and a beta of 1.81.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Kura Sushi USA Profile