Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. decreased its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 31.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,000 shares of the company’s stock after selling 65,000 shares during the quarter. Rheos Capital Works Inc. owned approximately 1.15% of Kura Sushi USA worth $12,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Kura Sushi USA by 45.7% during the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Kura Sushi USA by 24.5% in the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after acquiring an additional 99,515 shares during the period. Verition Fund Management LLC boosted its stake in shares of Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after acquiring an additional 46,549 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at about $2,609,000. Finally, Roubaix Capital LLC grew its position in shares of Kura Sushi USA by 104.8% during the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company’s stock valued at $4,590,000 after acquiring an additional 29,158 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Price Performance

KRUS opened at $80.00 on Monday. The firm has a market capitalization of $965.60 million, a price-to-earnings ratio of -117.65 and a beta of 1.81. The company’s 50 day simple moving average is $92.16 and its two-hundred day simple moving average is $81.54. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share 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%. On average, equities analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Piper Sandler raised their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays lifted their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Craig Hallum upped their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Lake Street Capital lifted their target price on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 6,918 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the sale, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. The trade was a 84.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by company insiders.

About Kura Sushi USA