Manatuck Hill Partners LLC Acquires New Position in Kura Sushi USA, Inc. $KRUS

Manatuck Hill Partners LLC acquired a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $1,308,000. Manatuck Hill Partners LLC owned about 0.21% of Kura Sushi USA as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Kura Sushi USA during the 2nd quarter valued at about $29,000. Key Financial Inc boosted its stake in Kura Sushi USA by 720.0% during the 4th quarter. Key Financial Inc now owns 615 shares of the company’s stock valued at $32,000 after purchasing an additional 540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Kura Sushi USA during the 4th quarter valued at about $36,000. Caitong International Asset Management Co. Ltd boosted its stake in Kura Sushi USA by 681.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 844 shares of the company’s stock valued at $50,000 after purchasing an additional 736 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Kura Sushi USA by 95.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,324 shares of the company’s stock valued at $79,000 after purchasing an additional 646 shares during the period. Institutional investors own 65.49% of the company’s stock.

Analysts Set New Price Targets

KRUS has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Citigroup boosted their target price on shares of Kura Sushi USA from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Weiss Ratings lowered shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $58.00 price target on shares of Kura Sushi USA in a research note on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kura Sushi USA presently has an average rating of “Hold” and an average price target of $76.92.

Kura Sushi USA Price Performance

KRUS stock opened at $49.06 on Thursday. The firm has a market capitalization of $596.08 million, a P/E ratio of -306.63 and a beta of 1.32. The company’s 50 day simple moving average is $53.93 and its 200-day simple moving average is $60.17. Kura Sushi USA, Inc. has a 52-week low of $42.62 and a 52-week high of $95.98.

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.