Kura Sushi USA, Inc. $KRUS Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 20.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,506 shares of the company’s stock after purchasing an additional 15,727 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.77% of Kura Sushi USA worth $7,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 2.3% in the first quarter. Vanguard Group Inc. now owns 366,043 shares of the company’s stock valued at $18,741,000 after buying an additional 8,201 shares during the period. Trexquant Investment LP bought a new position in shares of Kura Sushi USA during the 1st quarter valued at about $573,000. Nuveen LLC acquired a new position in shares of Kura Sushi USA in the 1st quarter worth approximately $797,000. Blueshift Asset Management LLC bought a new stake in shares of Kura Sushi USA in the 1st quarter worth approximately $248,000. Finally, Voya Investment Management LLC raised its holdings in shares of Kura Sushi USA by 25.4% in the 1st quarter. Voya Investment Management LLC now owns 256,449 shares of the company’s stock worth $13,130,000 after purchasing an additional 51,866 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KRUS shares. Benchmark decreased their price target on shares of Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. TD Cowen reduced their price objective on Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kura Sushi USA in a research report on Wednesday. Wall Street Zen downgraded Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Barclays decreased their price target on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $82.13.

Kura Sushi USA Stock Up 6.5%

Shares of NASDAQ:KRUS opened at $45.45 on Monday. The company’s fifty day moving average is $59.13 and its two-hundred day moving average is $71.60. The company has a market cap of $550.40 million, a P/E ratio of -284.06 and a beta of 1.75. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $110.66.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings results on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $29.83 million for the quarter. Kura Sushi USA had a negative net margin of 0.67% and a positive return on equity of 0.18%. Equities research analysts anticipate that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

About Kura Sushi USA