Granahan Investment Management LLC Has $41.19 Million Stock Holdings in Kura Sushi USA, Inc. $KRUS

Granahan Investment Management LLC lifted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 17.3% during the fourth quarter, Holdings Channel reports. The firm owned 787,108 shares of the company’s stock after purchasing an additional 116,096 shares during the quarter. Kura Sushi USA makes up approximately 1.8% of Granahan Investment Management LLC’s portfolio, making the stock its 16th largest holding. Granahan Investment Management LLC owned approximately 0.06% of Kura Sushi USA worth $41,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KRUS. Divisadero Street Capital Management LP acquired a new stake in shares of Kura Sushi USA during the third quarter worth $34,586,000. Woodline Partners LP raised its position in Kura Sushi USA by 270.3% during 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 during the period. Meros Investment Management LP acquired a new position in Kura Sushi USA during the fourth quarter valued at $6,607,000. JPMorgan Chase & Co. raised its position in Kura Sushi USA by 3,921.5% during the fourth quarter. JPMorgan Chase & Co. now owns 127,441 shares of the company’s stock valued at $6,669,000 after buying an additional 124,272 shares during the period. Finally, Two Sigma Investments LP raised its position in Kura Sushi USA by 102.6% during the third quarter. Two Sigma Investments LP now owns 223,767 shares of the company’s stock valued at $13,294,000 after buying an additional 113,311 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS opened at $51.34 on Wednesday. The business’s 50-day moving average price is $54.40 and its two-hundred day moving average price is $60.17. Kura Sushi USA, Inc. has a one year low of $42.62 and a one year high of $95.98. The company has a market capitalization of $623.78 million, a P/E ratio of -320.88 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KRUS. Citigroup upped their price target on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Weiss Ratings lowered Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. DA Davidson reissued a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Monday, April 6th. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a research report on Wednesday, April 8th. Four equities research 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 currently has a consensus rating of “Hold” and a consensus price target of $76.92.

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.