Raymond James Financial Inc. Invests $4.10 Million in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Raymond James Financial Inc. bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,226 shares of the company’s stock, valued at approximately $4,097,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Kura Sushi USA by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,144 shares of the company’s stock worth $4,361,000 after acquiring an additional 2,648 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Kura Sushi USA in the 4th quarter worth $750,000. US Bancorp DE lifted its position in Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock valued at $163,000 after purchasing an additional 547 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Kura Sushi USA during the fourth quarter valued at about $31,000. Finally, Rhumbline Advisers increased its position in Kura Sushi USA by 70.0% in the fourth quarter. Rhumbline Advisers now owns 13,521 shares of the company’s stock worth $1,225,000 after buying an additional 5,567 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $83.03, for a total value of $574,401.54. Following the completion of the transaction, the director now owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Kura Sushi USA Trading Down 7.1 %

Shares of Kura Sushi USA stock opened at $54.41 on Thursday. The firm has a market cap of $656.51 million, a PE ratio of -80.01 and a beta of 1.82. The stock has a 50 day moving average of $68.01 and a 200 day moving average of $82.85. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Tuesday, January 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.16. Kura Sushi USA had a negative return on equity of 0.50% and a negative net margin of 3.08%. As a group, equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KRUS has been the topic of a number of recent analyst reports. Lake Street Capital upgraded shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Friday, February 21st. TD Cowen initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They set a “hold” rating and a $72.00 target price on the stock. Benchmark cut their price target on Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup lowered their price objective on Kura Sushi USA from $116.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kura Sushi USA has an average rating of “Moderate Buy” and an average price target of $87.50.

Kura Sushi USA Company Profile