Stephens Inc. AR Grows Stake in Kura Sushi USA, Inc. $KRUS

Stephens Inc. AR raised its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 31.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,107,263 shares of the company’s stock after buying an additional 267,955 shares during the quarter. Kura Sushi USA comprises 1.0% of Stephens Inc. AR’s investment portfolio, making the stock its 17th largest position. Stephens Inc. AR owned approximately 9.11% of Kura Sushi USA worth $77,276,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the second quarter worth $29,000. Key Financial Inc boosted its holdings in Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after acquiring an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Kura Sushi USA during the 4th quarter valued at $36,000. Caitong International Asset Management Co. Ltd raised its holdings in Kura Sushi USA by 681.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock worth $50,000 after purchasing an additional 736 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Kura Sushi USA by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KRUS shares. Zacks Research lowered shares of Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Kura Sushi USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Citigroup lowered their price objective on shares of Kura Sushi USA from $78.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. TD Cowen reaffirmed a “hold” rating and set a $58.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, June 3rd. Finally, Lake Street Capital reiterated 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, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.08.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $57.61 on Monday. Kura Sushi USA, Inc. has a 12-month low of $42.62 and a 12-month high of $95.98. The stock has a market capitalization of $699.96 million, a price-to-earnings ratio of -360.06 and a beta of 1.33. The stock has a fifty day simple moving average of $52.58 and a two-hundred day simple moving average of $60.34.

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.