Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $108.86 Average PT from Analysts

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $108.86.

KRUS has been the subject of a number of recent analyst reports. Benchmark raised their price objective on Kura Sushi USA from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Citigroup lifted their price target on shares of Kura Sushi USA from $122.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Roth Mkm upped their price objective on shares of Kura Sushi USA from $87.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Finally, Lake Street Capital boosted their target price on Kura Sushi USA from $70.00 to $93.00 and gave the company a “hold” rating in a research report on Friday, April 5th.

Kura Sushi USA Stock Down 1.0 %

KRUS stock opened at $107.98 on Monday. Kura Sushi USA has a 52-week low of $51.02 and a 52-week high of $122.81. The business has a fifty day moving average of $104.39 and a two-hundred day moving average of $84.04. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 771.34 and a beta of 1.98.

Insider Activity

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $144,390.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Red Door Wealth Management LLC purchased a new stake in shares of Kura Sushi USA during the first quarter worth approximately $237,000. Rheos Capital Works Inc. acquired a new position in Kura Sushi USA during the 1st quarter worth approximately $10,940,000. Vanguard Group Inc. increased its position in shares of Kura Sushi USA by 5.2% in the 4th quarter. Vanguard Group Inc. now owns 321,373 shares of the company’s stock valued at $24,424,000 after purchasing an additional 16,006 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Kura Sushi USA by 29.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,478 shares of the company’s stock valued at $948,000 after purchasing an additional 2,821 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Kura Sushi USA in the 4th quarter valued at $232,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA