Stephens Inc. AR Acquires 267,955 Shares of Kura Sushi USA, Inc. $KRUS

Stephens Inc. AR increased its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 31.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,107,263 shares of the company’s stock after purchasing an additional 267,955 shares during the quarter. Kura Sushi USA accounts for 1.0% of Stephens Inc. AR’s portfolio, making the stock its 17th biggest holding. Stephens Inc. AR owned about 0.09% of Kura Sushi USA worth $77,276,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Kura Sushi USA in the 2nd quarter worth approximately $29,000. Key Financial Inc boosted 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Kura Sushi USA in the 4th quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after acquiring an additional 646 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KRUS. Wall Street Zen raised Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. TD Cowen restated a “hold” rating and set a $58.00 target price on shares of Kura Sushi USA in a research report on Wednesday, June 3rd. Finally, Barclays upped their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.08.

Kura Sushi USA Price Performance

Shares of KRUS opened at $57.61 on Monday. The business has a 50-day simple moving average of $52.58 and a two-hundred day simple moving average of $60.34. Kura Sushi USA, Inc. has a 52 week low of $42.62 and a 52 week high of $95.98. The stock has a market cap of $699.96 million, a price-to-earnings ratio of -360.06 and a beta of 1.33.

Kura Sushi USA Company 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.