Wasatch Advisors LP Boosts Stock Holdings in Kura Sushi USA, Inc. $KRUS

Wasatch Advisors LP grew its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,336 shares of the company’s stock after purchasing an additional 10,978 shares during the period. Wasatch Advisors LP owned approximately 1.13% of Kura Sushi USA worth $9,585,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Divisadero Street Capital Management LP purchased a new position in Kura Sushi USA in the 3rd quarter valued at approximately $34,586,000. Granahan Investment Management LLC lifted its position in shares of Kura Sushi USA by 125.4% during the third quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after acquiring an additional 373,354 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Kura Sushi USA in the fourth quarter worth $19,194,000. Woodline Partners LP boosted its holdings in shares of Kura Sushi USA by 270.3% in the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after acquiring an additional 213,158 shares during the period. Finally, Millennium Management LLC grew its position in shares of Kura Sushi USA by 1,404.2% in the fourth quarter. Millennium Management LLC now owns 168,820 shares of the company’s stock valued at $8,834,000 after purchasing an additional 157,597 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a report on Monday, April 6th. Barclays lifted their target price on Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Weiss Ratings cut Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Citigroup lowered their price target on shares of Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Wall Street Zen upgraded shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $75.75.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $59.12 on Friday. Kura Sushi USA, Inc. has a 1 year low of $42.62 and a 1 year high of $95.98. The firm has a market cap of $718.31 million, a PE ratio of -369.50 and a beta of 1.32. The company has a 50 day simple moving average of $52.72 and a two-hundred day simple moving average of $60.11.

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.