Rheos Capital Works Inc. Acquires 12,000 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rheos Capital Works Inc. lifted its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Rheos Capital Works Inc.’s holdings in Kura Sushi USA were worth $16,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lazard Asset Management LLC increased its stake in Kura Sushi USA by 144.0% during the first quarter. Lazard Asset Management LLC now owns 62,031 shares of the company’s stock valued at $7,143,000 after acquiring an additional 36,609 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Kura Sushi USA by 42.6% in the 1st quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock valued at $11,895,000 after buying an additional 30,836 shares in the last quarter. Castleark Management LLC bought a new position in shares of Kura Sushi USA during the 1st quarter worth about $3,326,000. Roubaix Capital LLC acquired a new stake in shares of Kura Sushi USA during the 2nd quarter valued at about $1,755,000. Finally, Lord Abbett & CO. LLC increased its stake in Kura Sushi USA by 28.1% in the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after acquiring an additional 22,823 shares during the period. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Stock Down 0.3 %

Shares of KRUS opened at $83.79 on Thursday. The stock’s fifty day simple moving average is $72.41 and its 200-day simple moving average is $81.88. The firm has a market capitalization of $941.05 million, a PE ratio of -1,197.00 and a beta of 1.89. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81.

Wall Street Analyst Weigh In

A number of brokerages have commented on KRUS. Roth Mkm restated a “buy” rating and set a $70.00 price target (down previously from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Piper Sandler decreased their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Northcoast Research assumed coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 price objective for the company. Finally, Lake Street Capital lowered their target price on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.38.

About Kura Sushi USA