On August 20, 2023, it was reported that Landscape Capital Management L.L.C. had reduced its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS) by 52.4% during the first quarter of the year. According to the company’s disclosure with the Securities and Exchange Commission (SEC), Landscape Capital Management L.L.C. sold 5,235 shares of Kura Sushi USA’s stock during this period, resulting in ownership of 4,749 shares. The value of these holdings amounted to $313,000 as of the most recent filing with the SEC.
Kura Sushi USA recently announced its quarterly earnings results on Thursday, July 6th. For the quarter, the company reported earnings per share (EPS) of $0.16, surpassing analysts’ consensus estimates by $0.11. This positive result indicates that Kura Sushi USA performed well in comparison to expectations from industry experts. Furthermore, the company achieved a net margin of 0.28% and a return on equity of 0.61%. Its revenue for the quarter reached $49.24 million, slightly exceeding analyst estimates of $49.20 million.
Equities research analysts are projecting that Kura Sushi USA will post an EPS of $0.12 for the current year as a group.
As a technology-enabled Japanese restaurant operator in the United States, Kura Sushi USA offers Japanese cuisine through its unique revolving sushi service model known as “Kura Experience.” Formerly named Kula Sushi USA, Inc., the company underwent a name change to Kura Sushi USA, Inc in October 2017.
This update in Landscape Capital Management L.L.C.’s stake reflects their decision to decrease their investment in Kura Sushi USA during the first quarter of this year. It will be interesting to observe how these developments influence both companies moving forward and whether Kura Sushi USA’s positive quarterly earnings can continue to attract investor attention.
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Growing Confidence and Investment: The Stakeholder Composition of Kura Sushi USA
Kura Sushi USA, Inc., a popular sushi restaurant chain, has seen some interesting developments in terms of its stakeholder composition. Various hedge funds and institutional investors have either added to or reduced their stakes in the company, shedding light on its current market position.
One notable addition to Kura Sushi USA’s stakeholder list is Lazard Asset Management LLC, which purchased a new stake in the company during the fourth quarter of last year. The value of this investment amounted to approximately $43,000, indicating a growing interest in the company’s potential for growth and profitability.
Similarly, Arcadia Investment Management Corp MI also entered the scene by purchasing a new position in Kura Sushi USA during the first quarter of this year. This investment was valued at around $56,000, further solidifying the notion that investors are optimistic about the company’s future prospects.
Barclays PLC took their interest in Kura Sushi USA up a notch by increasing their stake by 533.7% during the fourth quarter. This move indicates not only confidence in the company but also a belief that its stock is undervalued. With an additional 1,046 shares now owned by Barclays PLC, totaling $59,000 worth of stock in total, it is clear that they view this as a strategic investment opportunity.
Tower Research Capital LLC TRC also demonstrated their trust in Kura Sushi USA’s potential by increasing their stake by 521.5% during the third quarter. This translated to holding 1,013 shares worth $75,000. The fact that Tower Research Capital LLC saw such significant growth potential within the company is indicative of their optimistic outlook.
Legal & General Group Plc rounded out this series of investments by increasing their own stake by an impressive 186.8% during the fourth quarter. Their ownership now stands at 1,635 shares with a value of $78,000. Legal & General Group Plc’s decision to increase their stake showcases a positive sentiment towards the company’s long-term profitability.
When examining the stock performance of Kura Sushi USA, it is evident that it has fared well in the market. On August 20, 2023, the shares opened at $86.80. The firm currently boasts a market capitalization of $964.35 million, emphasizing its significance within the industry. With a price-to-earnings ratio of 2,170.54 and a beta of 1.92, Kura Sushi USA stands as an attractive prospect for investors looking for potential growth opportunities.
Over the past year, Kura Sushi USA experienced trading highs and lows, with its fifty-two week low and high reaching $37.97 and $110 respectively. Despite fluctuations in share value, it is apparent that Kura Sushi USA maintains a strong position in the market.
Market analysts have also shared their perspective on Kura Sushi USA and its stock performance. Citigroup initiated coverage on the company with a “neutral” rating and set a price target of $88.00 per share. Stephens also increased their price target from $85.00 to $95.00, indicating their optimism about the company’s future prospects.
Barclays took note of Kura Sushi USA’s growth potential by initiating coverage with an “equal weight” rating and setting a price target of $95.00 per share. Benchmark joined in by increasing their price target from $76.00 to $100.00, while Craig Hallum raised theirs from $88.00 to $108.00.
Currently, four analysts consider Kura Sushi USA as a hold-rated stock while another four rate it as buy-rated according to Bloomberg data analysis which further highlights the consensus on investing in this company.
In conclusion, Kura Sushi USA has attracted notable attention from hedge funds and institutional investors, demonstrating their confidence in the company’s growth potential. With a steady stock performance and favorable ratings from market analysts, Kura Sushi USA appears to be on a promising trajectory for future success.
