Meros Investment Management LP Acquires New Position in Kura Sushi USA, Inc. $KRUS

Meros Investment Management LP acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 4th quarter, Holdings Channel reports. The fund acquired 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 largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of KRUS. Divisadero Street Capital Management LP purchased a new position in shares of Kura Sushi USA in the 3rd quarter valued at approximately $34,586,000. Granahan Investment Management LLC raised its position in shares of Kura Sushi USA by 125.4% in the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock valued at $39,865,000 after purchasing an additional 373,354 shares during the last quarter. Woodline Partners LP raised its position in shares of Kura Sushi USA by 270.3% in the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock valued at $17,349,000 after purchasing an additional 213,158 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Kura Sushi USA by 3,921.5% in the 4th quarter. JPMorgan Chase & Co. now owns 127,441 shares of the company’s stock valued at $6,669,000 after purchasing an additional 124,272 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Kura Sushi USA by 102.6% in the 3rd quarter. Two Sigma Investments LP now owns 223,767 shares of the company’s stock valued at $13,294,000 after purchasing an additional 113,311 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Up 2.7%

KRUS opened at $50.31 on Tuesday. Kura Sushi USA, Inc. has a 12-month low of $42.62 and a 12-month high of $95.98. The firm has a market capitalization of $611.27 million, a PE ratio of -314.44 and a beta of 1.32. The firm has a 50 day moving average of $54.74 and a two-hundred day moving average of $60.15.

Analyst Ratings Changes

KRUS has been the subject of several research analyst reports. Barclays increased their price objective on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Citigroup increased their price objective on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, DA Davidson reissued a “buy” rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kura Sushi USA presently has an average rating of “Hold” and a consensus price target of $76.92.

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.