Quadrature Capital Ltd Makes New $505,000 Investment in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Posted by on Mar 12th, 2023

Quadrature Capital Ltd acquired a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,851 shares of the company’s stock, valued at approximately $505,000. Quadrature Capital Ltd owned about 0.07% of Kura Sushi USA at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of Kura Sushi USA by 521.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the company’s stock worth $75,000 after buying an additional 850 shares during the last quarter. UBS Group AG grew its stake in Kura Sushi USA by 2,040.6% in the 3rd quarter. UBS Group AG now owns 1,477 shares of the company’s stock valued at $109,000 after acquiring an additional 1,408 shares during the period. MetLife Investment Management LLC increased its stake in shares of Kura Sushi USA by 55.7% during the first quarter. MetLife Investment Management LLC now owns 2,310 shares of the company’s stock worth $127,000 after purchasing an additional 826 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Kura Sushi USA during the 3rd quarter worth approximately $221,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Kura Sushi USA during the third quarter worth approximately $221,000. 49.16% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Down 0.7 %

Shares of Kura Sushi USA stock opened at $66.69 on Friday. The firm’s fifty day simple moving average is $58.58 and its 200-day simple moving average is $65.08. Kura Sushi USA, Inc. has a 12 month low of $30.95 and a 12 month high of $96.60.

Kura Sushi USA (NASDAQ:KRUS – Get Rating) last announced its quarterly earnings data on Thursday, January 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The firm had revenue of $39.32 million during the quarter, compared to analyst estimates of $39.90 million. Kura Sushi USA had a negative net margin of 1.05% and a negative return on equity of 1.54%. Equities analysts predict that Kura Sushi USA, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of Kura Sushi USA from a “c” rating to a “d+” rating in a research report on Wednesday, November 23rd. Craig Hallum reduced their target price on Kura Sushi USA to $82.00 in a research report on Wednesday, November 16th. Stephens reiterated an “overweight” rating and set a $85.00 price target on shares of Kura Sushi USA in a report on Friday, January 13th. BMO Capital Markets reduced their price objective on shares of Kura Sushi USA from $70.00 to $53.00 and set a “market perform” rating on the stock in a report on Friday, January 6th. Finally, Benchmark started coverage on shares of Kura Sushi USA in a research report on Tuesday, February 14th. They set a “buy” rating and a $70.00 price target for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Kura Sushi USA Profile

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Kura Sushi USA, Inc engages in the operation of technology-enabled Japanese restaurant concept. It offers a distinctive dining experience by serving authentic Japanese cuisine through an engaging revolving sushi service model. The company was founded by Hajime Uba in 2008 and is headquartered in Irvine, CA.

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Institutional Ownership by Quarter for Kura Sushi USA (NASDAQ:KRUS)

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