Barclays PLC Increases Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Barclays PLC raised its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 438.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,333 shares of the company’s stock after buying an additional 9,229 shares during the quarter. Barclays PLC’s holdings in Kura Sushi USA were worth $914,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rhumbline Advisers boosted its position in Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after acquiring an additional 350 shares during the last quarter. Quest Partners LLC lifted its stake in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. State Street Corp boosted its holdings in shares of Kura Sushi USA by 0.8% during the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock worth $10,317,000 after purchasing an additional 1,016 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock worth $427,000 after purchasing an additional 1,292 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kura Sushi USA by 33.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on KRUS. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Piper Sandler lifted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Lake Street Capital boosted their price target on shares of Kura Sushi USA from $78.00 to $103.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Craig Hallum raised their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

Kura Sushi USA Trading Down 0.6 %

Shares of KRUS opened at $83.82 on Wednesday. The company’s 50-day moving average price is $95.89 and its 200 day moving average price is $79.60. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81. The firm has a market cap of $1.00 billion, a P/E ratio of -107.46 and a beta of 1.84.

Kura Sushi USA (NASDAQ:KRUS) last released its quarterly earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.70% and a negative return on equity of 1.22%. Equities research analysts forecast that Kura Sushi USA, Inc. will post 0.09 earnings per share for the current year.

Kura Sushi USA Company Profile