40,702 Shares in Kura Sushi USA, Inc. $KRUS Bought by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC purchased a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the second quarter, HoldingsChannel.com reports. The fund purchased 40,702 shares of the company’s stock, valued at approximately $3,504,000. Kura Sushi USA accounts for approximately 1.0% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of KRUS. Deutsche Bank AG grew its stake in Kura Sushi USA by 3.6% during the first quarter. Deutsche Bank AG now owns 5,500 shares of the company’s stock worth $282,000 after buying an additional 191 shares in the last quarter. US Bancorp DE raised its position in shares of Kura Sushi USA by 14.8% in the 1st quarter. US Bancorp DE now owns 2,073 shares of the company’s stock valued at $106,000 after buying an additional 268 shares in the last quarter. Corebridge Financial Inc. lifted its holdings in shares of Kura Sushi USA by 12.2% during the 1st quarter. Corebridge Financial Inc. now owns 3,304 shares of the company’s stock worth $169,000 after acquiring an additional 360 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Kura Sushi USA by 13.0% during the 1st quarter. MetLife Investment Management LLC now owns 3,842 shares of the company’s stock worth $197,000 after acquiring an additional 441 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kura Sushi USA by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company’s stock worth $204,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Up 4.6%

Kura Sushi USA stock opened at $49.43 on Friday. The stock has a 50-day moving average price of $56.73 and a two-hundred day moving average price of $71.08. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $110.66. The company has a market capitalization of $598.60 million, a PE ratio of -308.94 and a beta of 1.75.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KRUS. Sanford C. Bernstein set a $67.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a report on Tuesday. Barclays decreased their price target on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. Wall Street Zen downgraded Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, TD Cowen reduced their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.13.

Kura Sushi USA Profile