Meros Investment Management LP bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 126,256 shares of the company’s stock, valued at approximately $6,607,000. Kura Sushi USA accounts for about 2.6% of Meros Investment Management LP’s portfolio, making the stock its 16th biggest position. Meros Investment Management LP owned about 1.04% of Kura Sushi USA at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in KRUS. Raymond James Financial Inc. bought a new position in shares of Kura Sushi USA in the second quarter worth about $29,000. Key Financial Inc grew its holdings in Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after acquiring an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Kura Sushi USA during the 4th quarter worth about $36,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 worth $50,000 after acquiring an additional 736 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after acquiring an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup increased their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Lake Street Capital reiterated a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th. Finally, DA Davidson reiterated a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a report on Monday, April 6th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $76.92.
Kura Sushi USA Stock Performance
NASDAQ:KRUS opened at $50.31 on Tuesday. Kura Sushi USA, Inc. has a fifty-two week low of $42.62 and a fifty-two week high of $95.98. The stock has a market capitalization of $611.27 million, a P/E ratio of -314.44 and a beta of 1.32. The company’s 50-day simple moving average is $54.74 and its 200-day simple moving average is $60.15.
About Kura Sushi USA
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.
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