Centiva Capital LP Acquires New Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Centiva Capital LP acquired a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,085 shares of the company’s stock, valued at approximately $461,000.

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock valued at $914,000 after acquiring an additional 9,229 shares in the last quarter. Moody National Bank Trust Division increased its stake in Kura Sushi USA by 13.4% during the fourth quarter. Moody National Bank Trust Division now owns 23,067 shares of the company’s stock valued at $2,089,000 after purchasing an additional 2,728 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Kura Sushi USA during the fourth quarter worth $1,567,000. Rhumbline Advisers lifted its position in shares of Kura Sushi USA by 70.0% in the 4th quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after buying an additional 5,567 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at about $31,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Shares of KRUS opened at $60.85 on Friday. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $121.99. The company has a market capitalization of $735.37 million, a price-to-earnings ratio of -89.48 and a beta of 1.55. The business’s 50-day moving average is $55.16 and its 200-day moving average is $76.63.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings results on Tuesday, April 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $64.89 million for the quarter, compared to analyst estimates of $66.30 million. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. During the same quarter last year, the company earned ($0.09) EPS. Equities research analysts expect that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Securities reiterated a “hold” rating and set a $72.00 price objective on shares of Kura Sushi USA in a research note on Friday, April 4th. Barclays dropped their price target on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Lake Street Capital reduced their price objective 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. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Finally, Citigroup reduced their price target on shares of Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.20.

Kura Sushi USA Company Profile