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

Sei Investments Co. grew its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 92.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 44,162 shares of the company’s stock after acquiring an additional 21,174 shares during the quarter. Sei Investments Co.’s holdings in Kura Sushi USA were worth $3,082,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KRUS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kura Sushi USA by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company’s stock worth $204,000 after purchasing an additional 613 shares during the period. Jane Street Group LLC grew its stake in Kura Sushi USA by 122.5% during the first quarter. Jane Street Group LLC now owns 18,010 shares of the company’s stock worth $922,000 after buying an additional 9,914 shares in the last quarter. Creative Planning acquired a new stake in Kura Sushi USA during the second quarter worth about $243,000. Legal & General Group Plc increased its holdings in Kura Sushi USA by 18.7% in the 2nd quarter. Legal & General Group Plc now owns 7,240 shares of the company’s stock valued at $623,000 after buying an additional 1,139 shares during the period. Finally, Rhumbline Advisers increased its holdings in Kura Sushi USA by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 9,670 shares of the company’s stock valued at $832,000 after buying an additional 741 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRUS has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday. DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a research report on Thursday, July 9th. Roth Capital cut their target price on Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Freedom Capital raised Kura Sushi USA to a “hold” rating in a report on Wednesday, July 1st. 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 stock. According to MarketBeat.com, Kura Sushi USA currently has an average rating of “Hold” and a consensus target price of $69.00.

Kura Sushi USA Trading Up 0.6%

NASDAQ:KRUS opened at $48.83 on Friday. The stock’s 50-day moving average is $49.59 and its 200-day moving average is $58.41. Kura Sushi USA, Inc. has a 1-year low of $42.62 and a 1-year high of $87.99. The stock has a market cap of $593.28 million, a P/E ratio of -271.26 and a beta of 1.33.

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

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.