Lazard Asset Management LLC Sells 81,846 Shares of Kura Sushi USA, Inc. $KRUS

Lazard Asset Management LLC lessened its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 92.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,026 shares of the company’s stock after selling 81,846 shares during the quarter. Lazard Asset Management LLC’s holdings in Kura Sushi USA were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KRUS. Sei Investments Co. boosted its holdings in shares of Kura Sushi USA by 92.1% in the first quarter. Sei Investments Co. now owns 44,162 shares of the company’s stock valued at $3,082,000 after purchasing an additional 21,174 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Kura Sushi USA by 15.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company’s stock worth $13,110,000 after acquiring an additional 25,031 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kura Sushi USA by 6.7% during the 1st quarter. Bank of New York Mellon Corp now owns 15,822 shares of the company’s stock worth $1,104,000 after purchasing an additional 988 shares during the last quarter. Calamos Advisors LLC bought a new stake in Kura Sushi USA during the first quarter valued at about $722,000. Finally, Stephens Inc. AR grew its stake in Kura Sushi USA by 31.9% in the first quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock valued at $77,276,000 after purchasing an additional 267,955 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KRUS has been the subject of several recent analyst reports. Lake Street Capital reduced their price objective on shares of Kura Sushi USA from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. TD Cowen decreased their target price on Kura Sushi USA from $58.00 to $51.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. DA Davidson set a $65.00 price objective on shares of Kura Sushi USA in a report on Thursday, July 9th. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Freedom Capital upgraded shares of Kura Sushi USA to a “hold” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Hold” and a consensus target price of $69.00.

Kura Sushi USA Trading Down 1.4%

Shares of NASDAQ:KRUS opened at $48.56 on Friday. Kura Sushi USA, Inc. has a 12-month low of $42.62 and a 12-month high of $87.99. The business has a 50 day moving average of $49.74 and a two-hundred day moving average of $58.47. The company has a market capitalization of $590.00 million, a PE ratio of -269.76 and a beta of 1.33.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Tuesday, July 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.08. Kura Sushi USA had a negative net margin of 0.65% and a negative return on equity of 0.18%. The firm had revenue of $85.92 million during the quarter, compared to analyst estimates of $86.45 million. Equities research analysts predict that Kura Sushi USA, Inc. will post -0.06 earnings per share for the current fiscal year.

Kura Sushi USA Profile

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.