Ranger Investment Management L.P. Makes New $4.32 Million Investment in Kura Sushi USA, Inc. $KRUS

Ranger Investment Management L.P. acquired a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 75,090 shares of the company’s stock, valued at approximately $4,322,000.

Several other hedge funds have also recently added to or reduced their stakes in KRUS. Moody National Bank Trust Division boosted its holdings in Kura Sushi USA by 30.1% in the 2nd quarter. Moody National Bank Trust Division now owns 53,463 shares of the company’s stock valued at $3,077,000 after purchasing an additional 12,366 shares during the period. Janus Henderson Group PLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth about $205,000. California State Teachers Retirement System increased its holdings in shares of Kura Sushi USA by 47.8% during the 1st quarter. California State Teachers Retirement System now owns 9,035 shares of the company’s stock worth $631,000 after purchasing an additional 2,921 shares during the period. Quantinno Capital Management LP raised its position in shares of Kura Sushi USA by 14.1% during the first quarter. Quantinno Capital Management LP now owns 7,367 shares of the company’s stock valued at $514,000 after buying an additional 909 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Kura Sushi USA by 92.1% during the first quarter. Sei Investments Co. now owns 44,162 shares of the company’s stock valued at $3,082,000 after buying an additional 21,174 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen decreased their price target on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. DA Davidson set a $65.00 price target on shares of Kura Sushi USA in a report on Thursday, July 9th. Freedom Capital upgraded shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Finally, Citigroup reduced their price objective on shares of Kura Sushi USA from $64.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $69.00.

Kura Sushi USA Stock Performance

Kura Sushi USA stock opened at $48.34 on Monday. The business’s fifty day moving average is $50.42 and its two-hundred day moving average is $56.91. The firm has a market cap of $587.33 million, a P/E ratio of -268.54 and a beta of 1.33. Kura Sushi USA, Inc. has a 52 week low of $42.62 and a 52 week high of $87.99.

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

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.