Arcadia Investment Management Corp MI Makes New Investment in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Arcadia Investment Management Corp MI purchased 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 and Exchange Commission. The institutional investor purchased 339 shares of the company’s stock, valued at approximately $31,000.

A number of other large investors also recently made changes to their positions in KRUS. FMR LLC increased its holdings in Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares during the last quarter. Fred Alger Management LLC grew its position in shares of Kura Sushi USA by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares during the period. Portolan Capital Management LLC increased its stake in shares of Kura Sushi USA by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after acquiring an additional 28,655 shares during the last quarter. State Street Corp raised its position in shares of Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after acquiring an additional 1,016 shares during the period. Finally, Roubaix Capital LLC raised its position in shares of Kura Sushi USA by 104.8% in the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company’s stock valued at $4,590,000 after acquiring an additional 29,158 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Kura Sushi USA

In related news, Director Seitaro Ishii sold 6,918 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $83.03, for a total transaction of $574,401.54. Following the completion of the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at approximately $109,018.39. This represents a 84.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Kura Sushi USA Price Performance

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

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

About Kura Sushi USA