Kura Sushi USA, Inc. $KRUS Stake Lessened by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 34.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,464 shares of the company’s stock after selling 24,415 shares during the period. King Luther Capital Management Corp’s holdings in Kura Sushi USA were worth $2,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Kura Sushi USA during the 2nd quarter valued at about $29,000. Key Financial Inc boosted its holdings in shares of Kura Sushi USA by 720.0% during 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 period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Kura Sushi USA during the 4th quarter worth about $36,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Up 1.2%

Shares of Kura Sushi USA stock opened at $57.27 on Friday. Kura Sushi USA, Inc. has a 12 month low of $42.62 and a 12 month high of $95.98. The business has a fifty day simple moving average of $58.73 and a 200 day simple moving average of $60.02. The stock has a market cap of $695.83 million, a PE ratio of -357.94 and a beta of 1.33.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KRUS. Wall Street Zen upgraded Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. DA Davidson reiterated a “buy” rating and issued a $90.00 target price on shares of Kura Sushi USA in a research note on Monday, April 6th. TD Cowen lowered their target price on Kura Sushi USA from $70.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday. Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Finally, Barclays increased their price target on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.92.

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.