Manatuck Hill Partners LLC Makes New $1.31 Million Investment in Kura Sushi USA, Inc. $KRUS

Manatuck Hill Partners LLC bought a new position in Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 4th quarter, Holdings Channel.com reports. The fund bought 25,000 shares of the company’s stock, valued at approximately $1,308,000.

Several other large investors also recently added to or reduced their stakes in the business. Stephens Inc. AR grew its position in Kura Sushi USA by 15.3% in the fourth quarter. Stephens Inc. AR now owns 839,308 shares of the company’s stock worth $43,921,000 after acquiring an additional 111,502 shares in the last quarter. Granahan Investment Management LLC grew its position in Kura Sushi USA by 17.3% in the fourth quarter. Granahan Investment Management LLC now owns 787,108 shares of the company’s stock worth $41,189,000 after acquiring an additional 116,096 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in Kura Sushi USA in the third quarter worth approximately $34,586,000. Balyasny Asset Management L.P. bought a new stake in Kura Sushi USA in the fourth quarter worth approximately $19,194,000. Finally, Ameriprise Financial Inc. grew its position in Kura Sushi USA by 17.5% in the second quarter. Ameriprise Financial Inc. now owns 345,958 shares of the company’s stock worth $29,780,000 after acquiring an additional 51,574 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Trading Down 4.4%

NASDAQ KRUS opened at $49.06 on Thursday. The company has a fifty day simple moving average of $53.93 and a 200 day simple moving average of $60.17. The company has a market cap of $596.08 million, a P/E ratio of -306.63 and a beta of 1.32. Kura Sushi USA, Inc. has a 1 year low of $42.62 and a 1 year high of $95.98.

Wall Street Analysts Forecast Growth

Several analysts have commented on KRUS shares. Barclays boosted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Weiss Ratings downgraded shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. DA Davidson reaffirmed a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a report on Monday, April 6th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Finally, TD Cowen reaffirmed a “hold” rating and set a $58.00 price objective on shares of Kura Sushi USA in a report on Wednesday, June 3rd. Four investment 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.com, Kura Sushi USA currently has a consensus rating of “Hold” and an average target price 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.