Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 37.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,000 shares of the company’s stock after selling 14,000 shares during the quarter. Royce & Associates LP’s holdings in Kura Sushi USA were worth $2,083,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KRUS. Arcadia Investment Management Corp MI bought a new stake in shares of Kura Sushi USA during the 4th quarter worth $31,000. Quest Partners LLC lifted its holdings in shares of Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after purchasing an additional 471 shares during the last quarter. US Bancorp DE boosted its position in shares of Kura Sushi USA by 43.5% in the 4th quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after purchasing an additional 547 shares during the period. Janus Henderson Group PLC purchased a new position in Kura Sushi USA in the 3rd quarter worth about $237,000. Finally, Jennison Associates LLC raised its holdings in Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after buying an additional 1,292 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $53.67 on Friday. Kura Sushi USA, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $122.81. The stock’s 50-day moving average is $70.17 and its two-hundred day moving average is $82.87. The firm has a market cap of $647.58 million, a P/E ratio of -78.93 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen started coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price for the company. Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Friday, February 21st. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, TD Securities started coverage on Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

Insider Activity

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Kura Sushi USA Profile