Balyasny Asset Management L.P. Raises Stock Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Balyasny Asset Management L.P. boosted its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,711 shares of the company’s stock after purchasing an additional 5,279 shares during the period. Balyasny Asset Management L.P.’s holdings in Kura Sushi USA were worth $19,267,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KRUS. 12 West Capital Management LP grew its holdings in shares of Kura Sushi USA by 12.8% in the fourth quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock worth $50,400,000 after acquiring an additional 63,000 shares during the period. Portolan Capital Management LLC grew its stake in shares of Kura Sushi USA by 72.4% during the 4th quarter. Portolan Capital Management LLC now owns 373,253 shares of the company’s stock valued at $33,809,000 after purchasing an additional 156,723 shares during the period. Vanguard Group Inc. increased its position in shares of Kura Sushi USA by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 357,842 shares of the company’s stock valued at $32,413,000 after purchasing an additional 19,025 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Kura Sushi USA by 22.2% during the 4th quarter. Ameriprise Financial Inc. now owns 255,627 shares of the company’s stock valued at $23,153,000 after purchasing an additional 46,493 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Kura Sushi USA by 1.6% in the 4th quarter. Voya Investment Management LLC now owns 204,583 shares of the company’s stock worth $18,531,000 after purchasing an additional 3,217 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on KRUS shares. Barclays reduced their target price on shares of Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Citigroup decreased their target price on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. TD Securities reissued a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. Lake Street Capital decreased their price objective on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, TD Cowen began coverage on Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.20.

Kura Sushi USA Price Performance

KRUS stock opened at $60.60 on Thursday. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $121.99. The business has a 50 day simple moving average of $55.16 and a two-hundred day simple moving average of $77.18. The company has a market capitalization of $732.33 million, a price-to-earnings ratio of -89.11 and a beta of 1.55.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). The company had revenue of $64.89 million for 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 quarter in the prior year, the company posted ($0.09) EPS. Sell-side analysts anticipate that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Kura Sushi USA Company Profile