Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,948 shares of the company’s stock after acquiring an additional 22,991 shares during the period. Segall Bryant & Hamill LLC’s holdings in Kura Sushi USA were worth $7,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KRUS. Arcadia Investment Management Corp MI purchased a new position in Kura Sushi USA during the fourth quarter worth approximately $31,000. Quest Partners LLC raised its position in shares of Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after buying an additional 471 shares during the period. Quantbot Technologies LP acquired a new position in Kura Sushi USA in the fourth quarter valued at $61,000. KLP Kapitalforvaltning AS purchased a new stake in Kura Sushi USA during the fourth quarter valued at about $109,000. Finally, US Bancorp DE increased its stake in Kura Sushi USA by 43.5% during the fourth quarter. US Bancorp DE now owns 1,805 shares of the company’s stock worth $163,000 after acquiring an additional 547 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Performance

Shares of KRUS opened at $54.41 on Thursday. Kura Sushi USA, Inc. has a one year low of $48.66 and a one year high of $122.81. The stock has a 50-day moving average price of $68.01 and a 200 day moving average price of $82.85. The company has a market capitalization of $656.51 million, a P/E ratio of -80.01 and a beta of 1.82.

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 net margin of 3.08% and a negative return on equity of 0.50%. As a group, equities research analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Kura Sushi USA

In related 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 completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $109,018.39. This trade represents a 84.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Securities started coverage on Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Kura Sushi USA in a research note on Wednesday, January 8th. TD Cowen assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, February 25th. They issued a “hold” rating and a $72.00 target price on the stock. Benchmark reduced their target price on shares of Kura Sushi USA from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Lake Street Capital upgraded Kura Sushi USA from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.50.

About Kura Sushi USA