Sei Investments Co. Has $3.08 Million Position in Kura Sushi USA, Inc. $KRUS

Sei Investments Co. grew its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 92.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,162 shares of the company’s stock after buying an additional 21,174 shares during the quarter. Sei Investments Co. owned approximately 0.36% of Kura Sushi USA worth $3,082,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Meros Investment Management LP acquired a new stake in shares of Kura Sushi USA in the fourth quarter valued at about $6,607,000. Stephens Inc. AR boosted its position in Kura Sushi USA by 31.9% during the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after purchasing an additional 267,955 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in Kura Sushi USA in the fourth quarter valued at approximately $1,308,000. Granahan Investment Management LLC grew its stake in Kura Sushi USA by 17.3% in the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock valued at $41,189,000 after purchasing an additional 116,096 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in Kura Sushi USA by 65.6% in the fourth quarter. Wesbanco Bank Inc. now owns 30,300 shares of the company’s stock valued at $1,586,000 after purchasing an additional 12,000 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $48.83 on Friday. The firm has a 50-day moving average of $49.59 and a 200-day moving average of $58.41. Kura Sushi USA, Inc. has a 52-week low of $42.62 and a 52-week high of $87.99. The stock has a market cap of $593.28 million, a PE ratio of -271.26 and a beta of 1.33.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. The business had revenue of $85.92 million for the quarter, compared to analyst estimates of $86.45 million. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. Equities research analysts predict that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday. Freedom Capital raised shares of Kura Sushi USA to a “hold” rating in a research note on Wednesday, July 1st. Roth Capital lowered their target price on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Lake Street Capital dropped their price target on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.00.

Kura Sushi USA Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.