Arcadia Investment Management Corp MI Takes $31,000 Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Arcadia Investment Management Corp MI bought a new stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 339 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds have also bought and sold shares of the company. Quest Partners LLC increased its position in Kura Sushi USA by 237.9% during the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA during the 3rd quarter worth approximately $237,000. Jennison Associates LLC raised its stake in Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Millrace Asset Group Inc. bought a new position in Kura Sushi USA during the third quarter worth $790,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Lake Street Capital raised shares of Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Friday. Barclays increased their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Craig Hallum increased their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Kura Sushi USA has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Insiders Place Their Bets

In other Kura Sushi USA news, Director Seitaro Ishii sold 6,918 shares of Kura Sushi USA stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $83.03, for a total value of $574,401.54. Following the transaction, the director now owns 1,313 shares in the company, valued at $109,018.39. The trade was a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Kura Sushi USA Trading Down 5.7 %

Shares of KRUS stock opened at $69.85 on Friday. The stock has a market cap of $843.09 million, a P/E ratio of -102.72 and a beta of 1.81. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The stock has a 50 day simple moving average of $83.82 and a 200 day simple moving average of $83.45.

Kura Sushi USA (NASDAQ:KRUS) last released its earnings results on Tuesday, January 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates 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%. Analysts forecast that Kura Sushi USA, Inc. will post 0.22 EPS for the current year.

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