Formula Growth Ltd. Buys 7,328 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Formula Growth Ltd. grew its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,563 shares of the company’s stock after purchasing an additional 7,328 shares during the period. Formula Growth Ltd. owned approximately 0.34% of Kura Sushi USA worth $3,674,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KRUS. SBI Securities Co. Ltd. bought a new stake in Kura Sushi USA in the 4th quarter worth approximately $750,000. Barclays PLC raised its stake in Kura Sushi USA by 438.6% during the third quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after purchasing an additional 9,229 shares in the last quarter. Rhumbline Advisers lifted its position in Kura Sushi USA by 70.0% during the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock valued at $1,225,000 after purchasing an additional 5,567 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kura Sushi USA by 33.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock worth $529,000 after buying an additional 1,644 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of Kura Sushi USA by 113.1% in the 4th quarter. King Luther Capital Management Corp now owns 38,497 shares of the company’s stock worth $3,487,000 after buying an additional 20,432 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Trading Up 5.7 %

NASDAQ KRUS opened at $58.50 on Friday. The stock has a market cap of $705.86 million, a PE ratio of -86.03 and a beta of 1.72. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $121.99. The company’s 50-day moving average price is $58.11 and its 200-day moving average price is $79.21.

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

Wall Street Analyst Weigh In

KRUS has been the subject of several recent research reports. TD Securities reiterated a “hold” rating and issued a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. Citigroup cut their target price on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Lake Street Capital lowered their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. TD Cowen initiated coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They set a “hold” rating and a $72.00 price objective on the stock. Finally, William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and a consensus price target of $77.20.

Kura Sushi USA Profile