King Luther Capital Management Corp Has $3.49 Million Holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS)

King Luther Capital Management Corp grew its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 113.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,497 shares of the company’s stock after purchasing an additional 20,432 shares during the period. King Luther Capital Management Corp’s holdings in Kura Sushi USA were worth $3,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FMR LLC grew its position 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 worth $100,407,000 after purchasing an additional 390,688 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Kura Sushi USA by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after purchasing an additional 99,515 shares in the last quarter. Portolan Capital Management LLC grew its position in shares of Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after purchasing an additional 28,655 shares in the last quarter. State Street Corp lifted its holdings in shares of Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after acquiring an additional 1,016 shares during the period. Finally, Verition Fund Management LLC lifted its holdings 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 during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

KRUS has been the subject of a number of recent analyst reports. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Friday, February 21st. TD Securities initiated coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a report on Wednesday, January 8th. Finally, TD Cowen initiated coverage on shares of Kura Sushi USA in a report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.20.

Insider Activity

In other news, Director Seitaro Ishii sold 6,918 shares of the firm’s 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 completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $54.35 on Thursday. The company has a market cap of $655.79 million, a price-to-earnings ratio of -79.93 and a beta of 1.82. The firm has a 50 day simple moving average of $75.56 and a 200 day simple moving average of $83.59. Kura Sushi USA, Inc. has a one year low of $48.66 and a one year high of $122.81.

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

Kura Sushi USA Company Profile