Kura Sushi USA, Inc. $KRUS Shares Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division grew its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,621 shares of the company’s stock after acquiring an additional 9,542 shares during the period. Moody National Bank Trust Division’s holdings in Kura Sushi USA were worth $2,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRUS. Caitong International Asset Management Co. Ltd raised its stake in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the last quarter. Woodline Partners LP raised its position in Kura Sushi USA by 270.3% during the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after acquiring an additional 213,158 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Kura Sushi USA in the third quarter valued at approximately $943,000. Numerai GP LLC acquired a new position in Kura Sushi USA in the third quarter valued at approximately $721,000. Finally, Granahan Investment Management LLC boosted its position in Kura Sushi USA by 125.4% in the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after purchasing an additional 373,354 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Stock Up 6.6%

Kura Sushi USA stock opened at $64.18 on Wednesday. Kura Sushi USA, Inc. has a 52-week low of $40.03 and a 52-week high of $95.98. The firm has a market cap of $777.22 million, a PE ratio of -194.48 and a beta of 1.68. The company’s 50 day moving average is $67.99 and its two-hundred day moving average is $61.85.

Kura Sushi USA (NASDAQ:KRUS) last issued its earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Kura Sushi USA had a negative net margin of 1.37% and a negative return on equity of 0.63%. The firm had revenue of $73.46 million during the quarter, compared to analyst estimates of $72.98 million. During the same period last year, the business earned ($0.08) EPS. On average, equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays dropped their price target on shares of Kura Sushi USA from $67.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Royal Bank Of Canada set a $85.00 target price on shares of Kura Sushi USA in a report on Tuesday, January 20th. Piper Sandler increased their price objective on shares of Kura Sushi USA from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Kura Sushi USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 10th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.00.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of Kura Sushi USA stock in a transaction on Friday, January 16th. The shares were sold at an average price of $72.93, for a total value of $720,110.82. Following the transaction, the insider directly owned 6,026 shares in the company, valued at approximately $439,476.18. The trade was a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.28% of the stock is owned by insiders.

Kura Sushi USA Company 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.