Marshall Wace LLP Has $7.57 Million Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Marshall Wace LLP lessened its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 27.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 119,934 shares of the company’s stock after selling 45,416 shares during the period. Marshall Wace LLP’s holdings in Kura Sushi USA were worth $7,567,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KRUS. Comerica Bank lifted its stake in shares of Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after purchasing an additional 99 shares during the period. Headlands Technologies LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth approximately $46,000. RiverPark Advisors LLC grew its position in shares of Kura Sushi USA by 293.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock worth $167,000 after buying an additional 1,083 shares during the period. Red Door Wealth Management LLC bought a new stake in shares of Kura Sushi USA in the 1st quarter valued at $237,000. Finally, Virtu Financial LLC acquired a new position in shares of Kura Sushi USA during the 1st quarter valued at $370,000. 65.49% of the stock is currently owned by institutional investors.

Kura Sushi USA Stock Down 2.2 %

Shares of Kura Sushi USA stock opened at $80.56 on Tuesday. The company has a market cap of $904.77 million, a PE ratio of -1,150.86 and a beta of 1.87. Kura Sushi USA, Inc. has a 52 week low of $48.66 and a 52 week high of $122.81. The business has a 50 day moving average price of $65.80 and a 200-day moving average price of $84.16.

Analyst Upgrades and Downgrades

A number of research firms have commented on KRUS. Roth Mkm restated a “buy” rating and issued a $70.00 price target (down from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Barclays cut their price objective on shares of Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler decreased their target price on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a report on Wednesday, July 10th. Finally, Northcoast Research began coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.38.

Kura Sushi USA Profile