Barclays Raises Kura Sushi USA (NASDAQ:KRUS) Price Target to $70.00

Kura Sushi USA (NASDAQ:KRUS) had its price objective upped by Barclays from $60.00 to $70.00 in a research note released on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Lake Street Capital decreased their price objective on Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 10th. Piper Sandler decreased their price objective on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Citigroup decreased their price objective on Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Northcoast Research assumed coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.63.

Kura Sushi USA Trading Up 1.4 %

KRUS opened at $94.50 on Tuesday. Kura Sushi USA has a 1-year low of $48.66 and a 1-year high of $122.81. The stock’s fifty day simple moving average is $75.68 and its 200 day simple moving average is $81.32. The stock has a market cap of $1.06 billion, a PE ratio of -1,350.00 and a beta of 1.89.

Institutional Trading of Kura Sushi USA

Several large investors have recently modified their holdings of KRUS. Comerica Bank lifted its position in shares of Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after buying an additional 99 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA during the 1st quarter worth $46,000. RiverPark Advisors LLC lifted its position in shares of 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 last quarter. Versor Investments LP bought a new stake in shares of Kura Sushi USA during the 2nd quarter worth $233,000. Finally, Red Door Wealth Management LLC bought a new stake in shares of Kura Sushi USA during the 1st quarter worth $237,000. 65.49% of the stock is owned by institutional investors and hedge funds.

About Kura Sushi USA