Geode Capital Management LLC Sells 942 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Geode Capital Management LLC reduced its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 0.7% during the third quarter, HoldingsChannel reports. The fund owned 138,329 shares of the company’s stock after selling 942 shares during the quarter. Geode Capital Management LLC’s holdings in Kura Sushi USA were worth $11,146,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in shares of Kura Sushi USA by 4.5% in the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after purchasing an additional 350 shares in the last quarter. Quest Partners LLC boosted its holdings in 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. State Street Corp grew its stake in Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after buying an additional 1,016 shares in the last quarter. Jennison Associates LLC grew its stake in Kura Sushi USA by 32.2% in the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after buying an additional 1,292 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kura Sushi USA by 33.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company’s stock valued at $529,000 after acquiring an additional 1,644 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Trading Up 0.7 %

Shares of NASDAQ KRUS opened at $90.58 on Wednesday. The business has a 50-day moving average of $96.83 and a 200-day moving average of $78.93. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -116.13 and a beta of 1.80. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81.

Analysts Set New Price Targets

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

Kura Sushi USA Company Profile