Kura Sushi USA (NASDAQ:KRUS) Shares Up 6.7%

Kura Sushi USA, Inc. (NASDAQ:KRUS) shares traded up 6.7% on Tuesday . The company traded as high as $82.52 and last traded at $82.52. 52,900 shares were traded during mid-day trading, a decline of 68% from the average session volume of 164,328 shares. The stock had previously closed at $77.33.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KRUS. Craig Hallum reduced their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Lake Street Capital cut their price target on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Roth Mkm restated a “buy” rating and issued a $70.00 price objective (down from $90.00) on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Citigroup cut their target price on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays dropped their price target on Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.38.

Kura Sushi USA Stock Performance

The business’s fifty day moving average price is $60.02 and its two-hundred day moving average price is $85.04. The stock has a market capitalization of $919.26 million, a P/E ratio of -1,151.43 and a beta of 1.87.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRUS. Stephens Inc. AR increased its position in Kura Sushi USA by 12.9% during the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock valued at $69,428,000 after acquiring an additional 104,063 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Kura Sushi USA by 1.8% during the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after buying an additional 5,942 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Kura Sushi USA by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after acquiring an additional 8,146 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in Kura Sushi USA during the 4th quarter valued at $13,356,000. Finally, Wasatch Advisors LP boosted its stake in shares of Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after purchasing an additional 22,621 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile