Kura Sushi USA, Inc. $KRUS Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 13.9% in the fourth quarter, Holdings Channel reports. The fund owned 71,015 shares of the company’s stock after selling 11,502 shares during the period. Royce & Associates LP’s holdings in Kura Sushi USA were worth $3,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KRUS. Raymond James Financial Inc. acquired a new stake in Kura Sushi USA during the 2nd quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Kura Sushi USA during the 4th quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd lifted its position in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after acquiring an additional 736 shares during the period. BNP Paribas Financial Markets lifted its position in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock worth $79,000 after acquiring an additional 646 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Kura Sushi USA by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after acquiring an additional 284 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRUS has been the subject of several recent analyst reports. Zacks Research cut Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen reduced their price target on Kura Sushi USA from $70.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday. DA Davidson reissued a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a report on Monday, April 6th. Citigroup raised their price target on Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Finally, Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.92.

Kura Sushi USA Price Performance

KRUS opened at $56.19 on Friday. The business has a 50 day simple moving average of $58.70 and a 200-day simple moving average of $59.99. The stock has a market capitalization of $682.60 million, a P/E ratio of -351.19 and a beta of 1.33. Kura Sushi USA, Inc. has a 12 month low of $42.62 and a 12 month high of $95.98.

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.