Moody National Bank Trust Division Buys 12,366 Shares of Kura Sushi USA, Inc. $KRUS

Moody National Bank Trust Division lifted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 30.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 53,463 shares of the company’s stock after buying an additional 12,366 shares during the quarter. Moody National Bank Trust Division owned about 0.44% of Kura Sushi USA worth $3,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the second quarter worth approximately $29,000. Key Financial Inc grew its position in shares of Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Kura Sushi USA by 681.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Kura Sushi USA by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS opened at $48.38 on Wednesday. The business’s 50 day simple moving average is $50.06 and its 200 day simple moving average is $58.84. Kura Sushi USA, Inc. has a 1 year low of $42.62 and a 1 year high of $88.75. The company has a market capitalization of $587.82 million, a P/E ratio of -268.76 and a beta of 1.33.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.08. Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%.The firm had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $86.45 million. On average, sell-side analysts anticipate that Kura Sushi USA, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KRUS has been the subject of several recent research reports. DA Davidson set a $65.00 price target on Kura Sushi USA in a research note on Thursday, July 9th. Lake Street Capital lowered their price objective on 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. Zacks Research downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Finally, Barclays upped their price target on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Hold” and a consensus 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.