Hood River Capital Management LLC Buys 105,316 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Hood River Capital Management LLC lifted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 109.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,806 shares of the company’s stock after purchasing an additional 105,316 shares during the period. Hood River Capital Management LLC owned 1.67% of Kura Sushi USA worth $18,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KRUS. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $31,000. Quantbot Technologies LP acquired a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $61,000. KLP Kapitalforvaltning AS bought a new position in shares of Kura Sushi USA during the fourth quarter worth approximately $109,000. US Bancorp DE raised its position in shares of 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 buying an additional 547 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at approximately $215,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Stock Up 0.8 %

Shares of KRUS stock opened at $58.90 on Wednesday. The business’s fifty day moving average is $57.44 and its 200 day moving average is $78.91. The stock has a market cap of $710.69 million, a price-to-earnings ratio of -86.62 and a beta of 1.72. Kura Sushi USA, Inc. has a twelve month low of $40.03 and a twelve month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $64.89 million during the quarter, compared to the consensus estimate of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period last year, the firm posted ($0.09) earnings per share. Equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KRUS has been the subject of several analyst reports. TD Cowen assumed coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Benchmark decreased their price target on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Barclays reduced their price objective on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Finally, Lake Street Capital cut their target price on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.20.

About Kura Sushi USA