GSA Capital Partners LLP Sells 19,140 Shares of Kura Sushi USA, Inc. $KRUS

GSA Capital Partners LLP lessened its holdings in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 77.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,543 shares of the company’s stock after selling 19,140 shares during the quarter. GSA Capital Partners LLP’s holdings in Kura Sushi USA were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Kura Sushi USA by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 953 shares of the company’s stock worth $82,000 after purchasing an additional 284 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Kura Sushi USA in the 2nd quarter valued at about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kura Sushi USA by 18.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,983 shares of the company’s stock worth $204,000 after acquiring an additional 613 shares in the last quarter. Rhumbline Advisers increased its position in shares of Kura Sushi USA by 8.3% during the second quarter. Rhumbline Advisers now owns 9,670 shares of the company’s stock worth $832,000 after acquiring an additional 741 shares during the period. Finally, Man Group plc increased its position in shares of Kura Sushi USA by 11.0% during the second quarter. Man Group plc now owns 8,140 shares of the company’s stock worth $701,000 after acquiring an additional 809 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Trading Up 1.8%

NASDAQ KRUS opened at $70.97 on Friday. The company has a fifty day simple moving average of $66.79 and a two-hundred day simple moving average of $64.50. The stock has a market cap of $859.45 million, a P/E ratio of -215.06 and a beta of 1.72. Kura Sushi USA, Inc. has a 12-month low of $40.03 and a 12-month high of $95.98.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Wednesday, January 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Kura Sushi USA had a negative return on equity of 0.63% and a negative net margin of 1.37%.The firm had revenue of $73.46 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the previous year, the business earned ($0.08) earnings per share. As a group, sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.22 earnings per share for the current year.

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, insider Hajime Uba sold 9,874 shares of Kura Sushi USA stock in a transaction on Friday, January 16th. The shares were sold at an average price of $72.93, for a total value of $720,110.82. Following the completion of the transaction, the insider owned 6,026 shares of the company’s stock, valued at approximately $439,476.18. The trade was a 62.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KRUS. Royal Bank Of Canada set a $85.00 price target on Kura Sushi USA in a research note on Tuesday, January 20th. Benchmark reissued a “buy” rating on shares of Kura Sushi USA in a research report on Thursday, January 8th. Loop Capital set a $70.00 price target on shares of Kura Sushi USA in a report on Thursday, January 8th. TD Cowen dropped their price objective on shares of Kura Sushi USA from $79.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Finally, Lake Street Capital reissued a “buy” rating and set a $70.00 price objective on shares of Kura Sushi USA in a report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $76.91.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.