Wellington Management Group LLP Trims Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Wellington Management Group LLP decreased its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 90.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock after selling 235,006 shares during the quarter. Wellington Management Group LLP’s holdings in Kura Sushi USA were worth $2,014,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in Kura Sushi USA by 0.8% during the third 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. Portolan Capital Management LLC raised its stake in Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock valued at $17,444,000 after purchasing an additional 28,655 shares during the period. Janus Henderson Group PLC bought a new stake in Kura Sushi USA during the 3rd quarter valued at approximately $237,000. Fred Alger Management LLC boosted its stake in Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after purchasing an additional 99,515 shares during the period. Finally, Verition Fund Management LLC grew its holdings in Kura Sushi USA by 914.2% during the 3rd quarter. Verition Fund Management LLC now owns 51,641 shares of the company’s stock valued at $4,160,000 after buying an additional 46,549 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KRUS. Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 target price on the stock. Barclays boosted their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Craig Hallum lifted their target price on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Piper Sandler raised their price target on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Kura Sushi USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Kura Sushi USA Price Performance

Shares of KRUS stock opened at $91.70 on Thursday. The company has a market cap of $1.10 billion, a PE ratio of -117.56 and a beta of 1.80. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The stock’s 50 day simple moving average is $96.04 and its two-hundred day simple moving average is $78.95.

Kura Sushi USA Company Profile