Moody National Bank Trust Division Has $3.08 Million Stock Position in Kura Sushi USA, Inc. $KRUS

Moody National Bank Trust Division boosted its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 30.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,463 shares of the company’s stock after purchasing an additional 12,366 shares during the period. Moody National Bank Trust Division’s holdings in Kura Sushi USA were worth $3,077,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KRUS. Stephens Inc. AR increased its stake in shares of Kura Sushi USA by 31.9% in the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after purchasing an additional 267,955 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Kura Sushi USA by 17.3% during the 4th quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after buying an additional 116,096 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Kura Sushi USA in the fourth quarter valued at about $19,194,000. Ameriprise Financial Inc. boosted its stake in Kura Sushi USA by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock valued at $29,780,000 after buying an additional 51,574 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in Kura Sushi USA by 270.3% in the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after buying an additional 213,158 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Stock Up 1.3%

NASDAQ KRUS opened at $48.38 on Wednesday. Kura Sushi USA, Inc. has a twelve month low of $42.62 and a twelve month high of $88.75. The company has a market cap of $587.82 million, a price-to-earnings ratio of -268.76 and a beta of 1.33. The business’s fifty day moving average is $50.06 and its 200 day moving average is $58.84.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The business had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $86.45 million. On average, research analysts anticipate that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on KRUS. Citigroup lowered their target price on Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Kura Sushi USA from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Roth Capital decreased their price target on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Barclays upped their price objective 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. Finally, Lake Street Capital dropped their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Kura Sushi USA currently has a consensus rating of “Hold” and an average price target of $69.00.

About Kura Sushi USA

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.