Fmr LLC Trims Stock Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Fmr LLC reduced its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,144,831 shares of the company’s stock after selling 101,528 shares during the quarter. Fmr LLC owned 0.09% of Kura Sushi USA worth $103,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in Kura Sushi USA during the 4th quarter valued at $31,000. Quantbot Technologies LP purchased a new position in shares of Kura Sushi USA in the fourth quarter valued at $61,000. KLP Kapitalforvaltning AS bought a new stake in shares of Kura Sushi USA during the 4th quarter valued at $109,000. US Bancorp DE lifted its holdings in Kura Sushi USA by 43.5% during the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after purchasing an additional 547 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Kura Sushi USA by 47.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,868 shares of the company’s stock worth $260,000 after purchasing an additional 924 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Stock Up 5.4 %

Shares of KRUS stock opened at $51.92 on Tuesday. The firm has a market cap of $626.47 million, a P/E ratio of -76.35 and a beta of 1.72. The business has a 50-day moving average price of $59.46 and a two-hundred day moving average price of $79.83. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to analysts’ expectations of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same period in the prior year, the company earned ($0.09) EPS. As a group, research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares in the company, valued at $109,018.39. This represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on KRUS. Benchmark decreased their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, April 9th. Citigroup reduced their price target on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. TD Securities reiterated a “hold” rating and issued a $72.00 price objective on shares of Kura Sushi USA in a research report on Friday, April 4th. Finally, Lake Street Capital reduced their target price on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.20.

Kura Sushi USA Company Profile