Wasatch Advisors LP Grows Stock Holdings in Kura Sushi USA, Inc. $KRUS

Wasatch Advisors LP grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,336 shares of the company’s stock after purchasing an additional 10,978 shares during the period. Wasatch Advisors LP’s holdings in Kura Sushi USA were worth $9,585,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Kura Sushi USA by 14.0% during the 1st quarter. SG Americas Securities LLC now owns 10,718 shares of the company’s stock valued at $748,000 after buying an additional 1,313 shares in the last quarter. Pillsbury Lake Capital LLC purchased a new stake in Kura Sushi USA in the fourth quarter worth approximately $8,037,000. Millennium Management LLC boosted its stake in Kura Sushi USA by 1,404.2% in the fourth quarter. Millennium Management LLC now owns 168,820 shares of the company’s stock worth $8,834,000 after buying an additional 157,597 shares in the last quarter. Manatuck Hill Partners LLC bought a new position in Kura Sushi USA during the fourth quarter valued at approximately $1,308,000. Finally, Inspire Investing LLC grew its position in Kura Sushi USA by 18.0% during the fourth quarter. Inspire Investing LLC now owns 9,059 shares of the company’s stock valued at $474,000 after acquiring an additional 1,382 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $59.12 on Friday. Kura Sushi USA, Inc. has a one year low of $42.62 and a one year high of $95.98. The business’s 50 day simple moving average is $52.72 and its two-hundred day simple moving average is $60.11. The stock has a market capitalization of $718.31 million, a P/E ratio of -369.50 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. TD Cowen reaffirmed a “hold” rating and set a $58.00 target price on shares of Kura Sushi USA in a report on Wednesday, June 3rd. Barclays lifted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Zacks Research downgraded shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, DA Davidson restated a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA currently has a consensus rating of “Hold” and a consensus target price of $75.75.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.