RiverPark Advisors LLC Increases Stake in Kura Sushi USA, Inc. (NASDAQ:KRUS)

RiverPark Advisors LLC grew its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 293.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,452 shares of the company’s stock after buying an additional 1,083 shares during the quarter. RiverPark Advisors LLC’s holdings in Kura Sushi USA were worth $167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC purchased a new stake in Kura Sushi USA during the fourth quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its stake in Kura Sushi USA by 237.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock worth $81,000 after purchasing an additional 746 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Kura Sushi USA during the fourth quarter worth approximately $113,000. Red Door Wealth Management LLC purchased a new stake in Kura Sushi USA during the first quarter worth approximately $237,000. Finally, Trexquant Investment LP lifted its stake in Kura Sushi USA by 29.5% during the third quarter. Trexquant Investment LP now owns 5,297 shares of the company’s stock worth $350,000 after purchasing an additional 1,208 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Insider Activity

In other news, Director Seitaro Ishii sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the transaction, the director now owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and set a $115.00 target price on shares of Kura Sushi USA in a research note on Friday, June 28th. Craig Hallum decreased their target price on Kura Sushi USA from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, June 28th. William Blair restated an “outperform” rating on shares of Kura Sushi USA in a research note on Friday, April 5th. Lake Street Capital reduced their price objective on Kura Sushi USA from $93.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, July 1st. Finally, Barclays reduced their price objective on Kura Sushi USA from $95.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded down $3.49 during trading on Tuesday, reaching $58.47. The company had a trading volume of 397,809 shares, compared to its average volume of 144,427. The firm has a market capitalization of $656.62 million, a price-to-earnings ratio of 417.67 and a beta of 1.87. The stock’s fifty day moving average price is $90.67 and its 200 day moving average price is $96.12. Kura Sushi USA, Inc. has a fifty-two week low of $51.02 and a fifty-two week high of $122.81.

About Kura Sushi USA