Kura Sushi USA (NASDAQ:KRUS) Coverage Initiated by Analysts at Piper Sandler

Piper Sandler assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report published on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $114.00 target price on the stock.

A number of other brokerages have also recently weighed in on KRUS. Lake Street Capital raised their price target 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. Roth Mkm lifted their price objective on Kura Sushi USA from $87.00 to $120.00 and gave the stock a buy rating in a research report on Friday, April 5th. William Blair reiterated an outperform rating on shares of Kura Sushi USA in a research report on Friday, April 5th. Citigroup lifted their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a neutral rating in a research report on Friday, April 5th. Finally, Barclays lifted their price objective on Kura Sushi USA from $82.00 to $95.00 and gave the stock an equal weight rating in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $109.50.

Kura Sushi USA Stock Performance

Kura Sushi USA stock opened at $109.00 on Wednesday. Kura Sushi USA has a one year low of $51.02 and a one year high of $122.81. The business has a fifty day moving average of $104.84 and a two-hundred day moving average of $85.07. The company has a market cap of $1.22 billion, a P/E ratio of 778.63 and a beta of 1.98.

Insider Transactions at Kura Sushi USA

In other Kura Sushi USA news, Director Seitaro Ishii sold 5,000 shares of the company’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 completion of the transaction, the director now owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $5,039,000. Red Door Wealth Management LLC purchased a new position in Kura Sushi USA in the 1st quarter worth approximately $237,000. Rheos Capital Works Inc. purchased a new position in shares of Kura Sushi USA during the 1st quarter valued at approximately $10,940,000. GSA Capital Partners LLP purchased a new position in shares of Kura Sushi USA during the 4th quarter valued at approximately $2,991,000. Finally, Ophir Asset Management Pty Ltd purchased a new position in shares of Kura Sushi USA during the 4th quarter valued at approximately $13,356,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Kura Sushi USA