Kura Sushi USA, Inc. (NASDAQ:KRUS) Stake Boosted by Granahan Investment Management LLC

Granahan Investment Management LLC increased its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,029 shares of the company’s stock after acquiring an additional 51,599 shares during the quarter. Kura Sushi USA makes up approximately 1.4% of Granahan Investment Management LLC’s holdings, making the stock its 20th biggest holding. Granahan Investment Management LLC owned 3.04% of Kura Sushi USA worth $33,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of KRUS. Bank of America Corp DE grew its holdings in Kura Sushi USA by 4.2% in the 4th quarter. Bank of America Corp DE now owns 5,906 shares of the company’s stock worth $535,000 after buying an additional 238 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Kura Sushi USA in the fourth quarter worth $31,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Kura Sushi USA by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,973 shares of the company’s stock valued at $360,000 after purchasing an additional 466 shares during the period. US Bancorp DE raised its stake in shares of Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after purchasing an additional 547 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Kura Sushi USA in the fourth quarter worth about $61,000. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Up 0.5 %

NASDAQ:KRUS opened at $60.85 on Friday. The stock has a fifty day simple moving average of $55.16 and a 200 day simple moving average of $76.74. The firm has a market capitalization of $735.37 million, a price-to-earnings ratio of -89.48 and a beta of 1.55. Kura Sushi USA, Inc. has a 1-year low of $40.03 and a 1-year high of $121.99.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, April 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The firm had revenue of $64.89 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned ($0.09) earnings per share. Equities analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on KRUS shares. TD Securities restated a “hold” rating and set a $72.00 price target on shares of Kura Sushi USA in a research report on Friday, April 4th. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, April 9th. Lake Street Capital lowered their price target on Kura Sushi USA from $103.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays dropped their price objective on Kura Sushi USA from $75.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Finally, Citigroup lowered their target price on Kura Sushi USA from $71.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.20.

Kura Sushi USA Profile