Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,646 shares of the company’s stock after selling 1,452 shares during the period. Bank of New York Mellon Corp’s holdings in Kura Sushi USA were worth $1,236,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of Kura Sushi USA by 45.7% in the 3rd quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after buying an additional 390,688 shares during the period. Fred Alger Management LLC grew its holdings in Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after acquiring an additional 99,515 shares during the period. Portolan Capital Management LLC lifted its holdings in Kura Sushi USA by 15.3% in the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares during the period. State Street Corp boosted its position 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 in the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock worth $4,160,000 after purchasing an additional 46,549 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total transaction of $574,401.54. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock opened at $55.13 on Monday. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The firm’s 50-day simple moving average is $69.52 and its 200-day simple moving average is $83.08. The firm has a market cap of $665.20 million, a PE ratio of -81.07 and a beta of 1.82.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Kura Sushi USA had a negative net margin of 3.08% and a negative return on equity of 0.50%. On average, equities analysts predict that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KRUS. TD Securities assumed coverage on Kura Sushi USA in a report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Friday, February 21st. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Finally, TD Cowen began coverage on shares of Kura Sushi USA in a research report on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Kura Sushi USA Profile