Kura Sushi USA, Inc. $KRUS Shares Sold by 12 West Capital Management LP

12 West Capital Management LP trimmed its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 541,415 shares of the company’s stock after selling 15,000 shares during the period. Kura Sushi USA makes up 3.4% of 12 West Capital Management LP’s holdings, making the stock its 10th largest holding. 12 West Capital Management LP’s holdings in Kura Sushi USA were worth $28,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Divisadero Street Capital Management LP acquired a new position in Kura Sushi USA during the third quarter valued at approximately $34,586,000. Granahan Investment Management LLC grew its stake in shares of Kura Sushi USA by 125.4% during the third quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after buying an additional 373,354 shares during the last quarter. Woodline Partners LP grew its stake in shares of Kura Sushi USA by 270.3% during the third quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after buying an additional 213,158 shares during the last quarter. Meros Investment Management LP bought a new stake in shares of Kura Sushi USA during the fourth quarter worth $6,607,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Kura Sushi USA by 3,921.5% during the fourth quarter. JPMorgan Chase & Co. now owns 127,441 shares of the company’s stock worth $6,669,000 after buying an additional 124,272 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Trading Down 4.4%

Shares of NASDAQ KRUS opened at $49.06 on Thursday. The firm’s 50-day moving average price is $53.93 and its 200-day moving average price is $60.17. Kura Sushi USA, Inc. has a 1-year low of $42.62 and a 1-year high of $95.98. The firm has a market capitalization of $596.08 million, a P/E ratio of -306.63 and a beta of 1.32.

Analyst Ratings Changes

A number of research firms have weighed in on KRUS. Zacks Research cut shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Barclays boosted their price objective on shares of Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Citigroup upped their price target on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Finally, TD Cowen reaffirmed a “hold” rating and set a $58.00 price target on shares of Kura Sushi USA in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $76.92.

Kura Sushi USA 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.