SG Americas Securities LLC Acquires New Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

SG Americas Securities LLC acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,481 shares of the company’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KRUS. Bank of New York Mellon Corp grew its holdings in Kura Sushi USA by 53.9% during the 1st quarter. Bank of New York Mellon Corp now owns 18,041 shares of the company’s stock worth $995,000 after acquiring an additional 6,321 shares during the period. MetLife Investment Management LLC grew its holdings in Kura Sushi USA by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after acquiring an additional 826 shares during the period. Rhumbline Advisers acquired a new stake in Kura Sushi USA during the 1st quarter worth about $221,000. BlackRock Inc. grew its holdings in Kura Sushi USA by 6.7% during the 1st quarter. BlackRock Inc. now owns 247,111 shares of the company’s stock worth $13,629,000 after acquiring an additional 15,517 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kura Sushi USA by 292.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,992 shares of the company’s stock worth $1,158,000 after acquiring an additional 15,649 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Trading Down 0.9 %

Shares of Kura Sushi USA stock opened at $109.04 on Friday. The stock has a fifty day simple moving average of $104.30 and a 200 day simple moving average of $83.75. Kura Sushi USA, Inc. has a 12-month low of $51.02 and a 12-month high of $122.81. The company has a market capitalization of $1.22 billion, a P/E ratio of 778.91 and a beta of 1.98.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the sale, the director now owns 1,313 shares in the company, valued at $144,390.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Benchmark increased their price target on Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, January 12th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Craig Hallum upped their price target on Kura Sushi USA from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Citigroup raised their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Roth Mkm boosted their price objective on Kura Sushi USA from $87.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and a consensus target price of $108.86.

Kura Sushi USA Company Profile