Divisadero Street Capital Management LP Makes New Investment in Kura Sushi USA, Inc. $KRUS

Divisadero Street Capital Management LP acquired a new position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the 3rd quarter, Holdings Channel reports. The fund acquired 582,156 shares of the company’s stock, valued at approximately $34,586,000. Kura Sushi USA makes up 1.5% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also recently made changes to their positions in the company. Brevan Howard Capital Management LP purchased a new position in Kura Sushi USA in the 3rd quarter worth $1,107,000. Bank of America Corp DE grew its stake in Kura Sushi USA by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 5,623 shares of the company’s stock valued at $334,000 after purchasing an additional 287 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Kura Sushi USA by 25.0% in the 3rd quarter. Lazard Asset Management LLC now owns 74,004 shares of the company’s stock worth $4,397,000 after buying an additional 14,816 shares during the period. Virtu Financial LLC acquired a new stake in shares of Kura Sushi USA in the third quarter worth $624,000. Finally, Two Sigma Investments LP boosted its holdings in Kura Sushi USA by 102.6% in the third quarter. Two Sigma Investments LP now owns 223,767 shares of the company’s stock valued at $13,294,000 after purchasing an additional 113,311 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

Shares of KRUS stock opened at $57.59 on Monday. Kura Sushi USA, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $95.98. The stock’s fifty day moving average is $68.67 and its two-hundred day moving average is $63.07. The firm has a market capitalization of $697.41 million, a P/E ratio of -174.52 and a beta of 1.67.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Wednesday, January 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). The business had revenue of $73.46 million for the quarter, compared to analysts’ expectations of $72.98 million. Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.During the same period in the previous year, the company earned ($0.08) EPS. On average, equities analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on KRUS. Loop Capital set a $70.00 price objective on Kura Sushi USA in a report on Thursday, January 8th. Wall Street Zen downgraded Kura Sushi USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 10th. Piper Sandler upped their price objective on Kura Sushi USA from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. DA Davidson started coverage on shares of Kura Sushi USA in a research note on Friday, March 6th. They set a “buy” rating and a $90.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.00.

Insider Buying and Selling

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the sale, the insider owned 6,026 shares in the company, valued at approximately $439,476.18. This represents a 62.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.28% of the company’s stock.

Kura Sushi USA Company 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.