Roubaix Capital LLC Has $4.59 Million Position in Kura Sushi USA, Inc. (NASDAQ:KRUS)

Roubaix Capital LLC lifted its position in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 104.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,979 shares of the company’s stock after acquiring an additional 29,158 shares during the period. Kura Sushi USA makes up approximately 2.5% of Roubaix Capital LLC’s holdings, making the stock its 11th biggest holding. Roubaix Capital LLC owned 0.51% of Kura Sushi USA worth $4,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of KRUS. RiverPark Advisors LLC raised its stake in Kura Sushi USA by 293.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company’s stock worth $167,000 after buying an additional 1,083 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Kura Sushi USA by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 28,751 shares of the company’s stock valued at $3,311,000 after purchasing an additional 419 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Kura Sushi USA by 36.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,690 shares of the company’s stock valued at $425,000 after purchasing an additional 980 shares during the period. Headlands Technologies LLC acquired a new position in shares of Kura Sushi USA in the 1st quarter valued at approximately $46,000. Finally, Russell Investments Group Ltd. increased its stake in Kura Sushi USA by 42.6% during the 1st quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock worth $11,895,000 after purchasing an additional 30,836 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Price Performance

Kura Sushi USA stock opened at $98.65 on Thursday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -1,409.29 and a beta of 1.89. The firm has a 50-day moving average of $79.13 and a 200-day moving average of $80.77. Kura Sushi USA, Inc. has a one year low of $48.66 and a one year high of $122.81.

Wall Street Analyst Weigh In

KRUS has been the topic of a number of research reports. Barclays lifted their price target on shares of Kura Sushi USA from $60.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Craig Hallum cut their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Northcoast Research assumed coverage on Kura Sushi USA in a report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Citigroup dropped their price target on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Piper Sandler reduced their price objective on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kura Sushi USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.63.

About Kura Sushi USA