Castleark Management LLC Invests $3.33 Million in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Castleark Management LLC bought a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,880 shares of the company’s stock, valued at approximately $3,326,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Kura Sushi USA by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock worth $20,191,000 after acquiring an additional 2,731 shares in the last quarter. SG Americas Securities LLC acquired a new position in Kura Sushi USA in the fourth quarter valued at approximately $113,000. New York State Common Retirement Fund boosted its holdings in shares of Kura Sushi USA by 5.0% during the 4th quarter. New York State Common Retirement Fund now owns 19,952 shares of the company’s stock worth $1,516,000 after buying an additional 953 shares in the last quarter. Valmark Advisers Inc. grew its position in shares of Kura Sushi USA by 2.8% during the 4th quarter. Valmark Advisers Inc. now owns 16,601 shares of the company’s stock worth $1,262,000 after buying an additional 448 shares during the period. Finally, Nicholas Investment Partners LP grew its position in shares of Kura Sushi USA by 23.5% during the 4th quarter. Nicholas Investment Partners LP now owns 28,190 shares of the company’s stock worth $2,142,000 after buying an additional 5,366 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Shares of NASDAQ KRUS traded down $1.49 during trading on Thursday, hitting $56.00. The stock had a trading volume of 149,972 shares, compared to its average volume of 159,223. The firm has a fifty day moving average of $74.00 and a two-hundred day moving average of $92.88. The company has a market capitalization of $629.44 million, a PE ratio of -816.57 and a beta of 1.87. Kura Sushi USA, Inc. has a 12 month low of $49.01 and a 12 month high of $122.81.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KRUS shares. Piper Sandler cut their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Lake Street Capital decreased their target price on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Roth Mkm reissued a “buy” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Citigroup lowered their price objective on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus price target of $71.43.

Kura Sushi USA Company Profile