Bank of New York Mellon Corp Sells 270 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Bank of New York Mellon Corp trimmed its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUSFree Report) by 1.2% in the third quarter, HoldingsChannel.com reports. The fund owned 21,566 shares of the company’s stock after selling 270 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kura Sushi USA were worth $1,426,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. West Tower Group LLC bought a new stake in shares of Kura Sushi USA during the 2nd quarter valued at $33,000. US Bancorp DE lifted its position in shares of Kura Sushi USA by 58.3% during the 2nd quarter. US Bancorp DE now owns 361 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Kura Sushi USA during the 4th quarter valued at $43,000. Ameritas Investment Partners Inc. lifted its position in shares of Kura Sushi USA by 72.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 482 shares of the company’s stock worth $45,000 after buying an additional 202 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Kura Sushi USA by 533.7% during the 4th quarter. Barclays PLC now owns 1,242 shares of the company’s stock worth $59,000 after buying an additional 1,046 shares during the last quarter. 62.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KRUS has been the subject of several recent analyst reports. Lake Street Capital upped their price objective on Kura Sushi USA from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, January 5th. Barclays decreased their price target on Kura Sushi USA from $95.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Finally, Benchmark increased their price target on Kura Sushi USA from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

View Our Latest Report on KRUS

Kura Sushi USA Trading Up 4.0 %

Shares of KRUS stock opened at $99.15 on Thursday. The stock has a 50-day moving average of $80.76 and a 200-day moving average of $76.90. Kura Sushi USA, Inc. has a 1-year low of $51.02 and a 1-year high of $110.00. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 762.69 and a beta of 2.01.

Kura Sushi USA (NASDAQ:KRUSGet Free Report) last released its earnings results on Thursday, January 4th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Kura Sushi USA had a return on equity of 1.06% and a net margin of 0.77%. The business had revenue of $51.48 million for the quarter, compared to analyst estimates of $51.95 million. Sell-side analysts forecast that Kura Sushi USA, Inc. will post 0.38 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Brent Takao sold 14,422 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $88.97, for a total transaction of $1,283,125.34. Following the completion of the sale, the insider now owns 1,687 shares of the company’s stock, valued at $150,092.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Kura Sushi USA Profile

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See Also

Want to see what other hedge funds are holding KRUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kura Sushi USA, Inc. (NASDAQ:KRUSFree Report).

Institutional Ownership by Quarter for Kura Sushi USA (NASDAQ:KRUS)

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