Kura Sushi USA (NASDAQ:KRUS) Now Covered by Piper Sandler

Equities research analysts at Piper Sandler began coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $114.00 price target on the stock. Piper Sandler’s price target would suggest a potential upside of 4.29% from the company’s current price.

A number of other research firms also recently issued reports on KRUS. Barclays boosted their price objective on shares of Kura Sushi USA from $82.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. William Blair reissued an “outperform” rating on shares of Kura Sushi USA in a report on Friday, April 5th. Roth Mkm boosted their price objective on shares of Kura Sushi USA from $87.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 5th. Citigroup boosted their target price 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. Finally, Benchmark boosted their target price on shares of Kura Sushi USA from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

Kura Sushi USA Stock Up 0.3 %

NASDAQ KRUS opened at $109.31 on Wednesday. The company has a market capitalization of $1.23 billion, a P/E ratio of 780.79 and a beta of 1.98. Kura Sushi USA has a 12-month low of $51.02 and a 12-month high of $122.81. The firm has a 50-day moving average price of $104.96 and a two-hundred day moving average price of $85.24.

Insider Buying and Selling

In related news, Director Seitaro Ishii sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $109.97, for a total transaction of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares in the company, valued at approximately $144,390.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kura Sushi USA

A number of institutional investors have recently added to or reduced their stakes in KRUS. Ophir Asset Management Pty Ltd acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $13,356,000. Stephens Inc. AR increased its position in Kura Sushi USA by 12.9% in the 4th 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 period. Rheos Capital Works Inc. acquired a new position in Kura Sushi USA in the 1st quarter valued at approximately $10,940,000. Raymond James Financial Services Advisors Inc. acquired a new position in Kura Sushi USA in the 1st quarter valued at approximately $5,039,000. Finally, GSA Capital Partners LLP acquired a new position in Kura Sushi USA in the 4th quarter valued at approximately $2,991,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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