Kura Sushi USA, Inc. $KRUS Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,464 shares of the company’s stock after selling 24,415 shares during the period. King Luther Capital Management Corp owned approximately 0.38% of Kura Sushi USA worth $2,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KRUS. Raymond James Financial Inc. bought a new position in shares of Kura Sushi USA in the second quarter valued at approximately $29,000. Key Financial Inc boosted its holdings in shares of Kura Sushi USA by 720.0% in the fourth quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after acquiring an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Kura Sushi USA in the fourth quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Kura Sushi USA by 681.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after buying an additional 736 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Kura Sushi USA by 95.3% in the third quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after buying an additional 646 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on KRUS shares. Wall Street Zen upgraded Kura Sushi USA from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Zacks Research lowered Kura Sushi USA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Barclays upped their price objective on Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Citigroup boosted their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Finally, TD Cowen dropped their target price on shares of Kura Sushi USA from $70.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Hold” and an average price target of $76.92.

Kura Sushi USA Price Performance

Shares of KRUS opened at $57.27 on Friday. Kura Sushi USA, Inc. has a one year low of $42.62 and a one year high of $95.98. The company has a 50-day moving average of $58.73 and a two-hundred day moving average of $60.02. The stock has a market cap of $695.83 million, a price-to-earnings ratio of -357.94 and a beta of 1.33.

About Kura Sushi USA

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.