Kura Sushi USA, Inc. (NASDAQ:KRUS) is Portolan Capital Management LLC’s 7th Largest Position

Portolan Capital Management LLC boosted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 72.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,253 shares of the company’s stock after purchasing an additional 156,723 shares during the quarter. Kura Sushi USA makes up 2.3% of Portolan Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Portolan Capital Management LLC owned approximately 3.09% of Kura Sushi USA worth $33,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Walleye Capital LLC purchased a new stake in shares of Kura Sushi USA during the fourth quarter worth approximately $616,000. 12 West Capital Management LP increased its position in shares of Kura Sushi USA by 12.8% in the 4th quarter. 12 West Capital Management LP now owns 556,415 shares of the company’s stock valued at $50,400,000 after purchasing an additional 63,000 shares during the last quarter. Next Century Growth Investors LLC acquired a new stake in shares of Kura Sushi USA in the 4th quarter valued at $5,479,000. Ranger Investment Management L.P. lifted its position in shares of Kura Sushi USA by 5.8% during the 4th quarter. Ranger Investment Management L.P. now owns 109,631 shares of the company’s stock worth $9,930,000 after purchasing an additional 6,030 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Kura Sushi USA during the 4th quarter worth $4,097,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

KRUS has been the topic of a number of analyst reports. Lake Street Capital cut their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. TD Securities reaffirmed a “hold” rating and issued a $72.00 price target on shares of Kura Sushi USA in a report on Friday, April 4th. 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 objective on the stock. Finally, Citigroup lowered their target price on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.20.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $49.26 on Monday. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $121.99. The stock has a market cap of $594.37 million, a P/E ratio of -72.44 and a beta of 1.72. The firm has a fifty day moving average price of $59.94 and a 200 day moving average price of $80.05.

Kura Sushi USA (NASDAQ:KRUS) last announced its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same quarter last year, the company posted ($0.09) EPS. Sell-side analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the sale, the director now directly owns 1,313 shares of the company’s stock, valued at $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Kura Sushi USA Company Profile