Kura Sushi USA, Inc. $KRUS Shares Bought by Granahan Investment Management LLC

Granahan Investment Management LLC grew its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 17.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 787,108 shares of the company’s stock after acquiring an additional 116,096 shares during the quarter. Kura Sushi USA comprises approximately 1.8% of Granahan Investment Management LLC’s holdings, making the stock its 16th largest position. Granahan Investment Management LLC owned approximately 6.50% of Kura Sushi USA worth $41,189,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in Kura Sushi USA by 4.2% during the 4th quarter. Deutsche Bank AG now owns 5,401 shares of the company’s stock worth $283,000 after acquiring an additional 218 shares during the period. Tower Research Capital LLC TRC boosted its position in Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares during the period. Bank of America Corp DE boosted its position in Kura Sushi USA by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock worth $334,000 after acquiring an additional 287 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Kura Sushi USA in the 2nd quarter worth $29,000. Finally, Key Financial Inc raised its stake in shares of Kura Sushi USA by 720.0% in the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock worth $32,000 after buying an additional 540 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

KRUS has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research note on Monday, April 6th. Citigroup boosted their price objective on Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. TD Cowen reissued a “hold” rating and issued a $58.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, June 3rd. Barclays boosted their price objective on Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Zacks Research downgraded Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kura Sushi USA currently has an average rating of “Hold” and a consensus target price of $76.92.

Kura Sushi USA Stock Up 2.0%

Shares of Kura Sushi USA stock opened at $51.34 on Wednesday. The stock’s fifty day moving average is $54.40 and its 200-day moving average is $60.17. The firm has a market capitalization of $623.78 million, a PE ratio of -320.88 and a beta of 1.32. Kura Sushi USA, Inc. has a 12-month low of $42.62 and a 12-month high of $95.98.

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.