Redmond Asset Management LLC lessened its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS – Free Report) by 67.4% during the third quarter, HoldingsChannel reports. The fund owned 11,627 shares of the company’s stock after selling 24,009 shares during the period. Redmond Asset Management LLC’s holdings in Kura Sushi USA were worth $474,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KRUS. Kings Path Partners LLC acquired a new stake in Kura Sushi USA in the third quarter valued at $213,000. State of Alaska Department of Revenue acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth $29,000. Moody National Bank Trust Division grew its stake in shares of Kura Sushi USA by 4.5% during the 3rd quarter. Moody National Bank Trust Division now owns 55,863 shares of the company’s stock worth $2,280,000 after purchasing an additional 2,400 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Kura Sushi USA in the 2nd quarter valued at about $984,000. Finally, Corient Private Wealth LP purchased a new position in shares of Kura Sushi USA in the 2nd quarter valued at about $2,219,000. Institutional investors and hedge funds own 65.49% of the company’s stock.
Kura Sushi USA Stock Performance
Shares of KRUS opened at $34.93 on Friday. The company has a 50-day moving average of $39.93 and a two-hundred day moving average of $53.74. Kura Sushi USA, Inc. has a 12-month low of $29.69 and a 12-month high of $80.84.
Wall Street Analyst Weigh In
Several analysts recently commented on KRUS shares. TD Cowen reduced their price objective on shares of Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Friday, August 7th. Roth Capital dropped their target price on shares of Kura Sushi USA from $85.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Zacks Research raised Kura Sushi USA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd. Finally, Wall Street Zen lowered Kura Sushi USA from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.78.
Check Out Our Latest Research Report on Kura Sushi USA
About Kura Sushi USA
Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.
The company’s menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.
Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.
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