King Luther Capital Management Corp Grows Holdings in Kura Sushi USA, Inc. $KRUS

King Luther Capital Management Corp increased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 13.4% in the second quarter, HoldingsChannel.com reports. The firm owned 70,879 shares of the company’s stock after buying an additional 8,361 shares during the period. King Luther Capital Management Corp’s holdings in Kura Sushi USA were worth $6,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in shares of Kura Sushi USA during the first quarter worth $68,000. US Bancorp DE lifted its stake in Kura Sushi USA by 14.8% during the 1st quarter. US Bancorp DE now owns 2,073 shares of the company’s stock worth $106,000 after acquiring an additional 268 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in Kura Sushi USA by 12.2% during the 1st quarter. Corebridge Financial Inc. now owns 3,304 shares of the company’s stock valued at $169,000 after acquiring an additional 360 shares during the period. CWM LLC grew its position in Kura Sushi USA by 1,674.4% in the 2nd quarter. CWM LLC now owns 2,218 shares of the company’s stock valued at $191,000 after acquiring an additional 2,093 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Kura Sushi USA by 13.0% during the first quarter. MetLife Investment Management LLC now owns 3,842 shares of the company’s stock worth $197,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Down 11.3%

Shares of NASDAQ:KRUS opened at $48.54 on Monday. Kura Sushi USA, Inc. has a 52 week low of $40.03 and a 52 week high of $110.66. The company’s 50 day moving average is $66.38 and its two-hundred day moving average is $72.64. The company has a market cap of $586.85 million, a PE ratio of -303.38 and a beta of 1.75.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Monday, March 13th. The company reported ($0.13) EPS for the quarter. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%.The firm had revenue of $29.83 million for the quarter. As a group, equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Sanford C. Bernstein set a $67.00 price target on shares of Kura Sushi USA in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Kura Sushi USA in a research note on Wednesday, October 8th. Benchmark reduced their price objective on Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Finally, TD Cowen decreased their target price on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a report on Friday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.13.

Kura Sushi USA Profile