Kura Sushi USA (NASDAQ:KRUS) Stock Price Up 4.4% – What’s Next?

Kura Sushi USA, Inc. (NASDAQ:KRUS)’s stock price rose 4.4% during trading on Tuesday . The company traded as high as $103.42 and last traded at $102.92. Approximately 53,137 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 157,363 shares. The stock had previously closed at $98.56.

Analyst Upgrades and Downgrades

KRUS has been the subject of a number of research reports. Barclays raised their price target on shares of Kura Sushi USA from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Citigroup dropped their price objective on shares of Kura Sushi USA from $79.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Craig Hallum dropped their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Northcoast Research initiated coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.63.

Kura Sushi USA Stock Up 1.2 %

The business’s 50-day moving average is $79.13 and its two-hundred day moving average is $80.77. The company has a market capitalization of $1.12 billion, a P/E ratio of -1,409.29 and a beta of 1.89.

Institutional Trading of Kura Sushi USA

A number of large investors have recently added to or reduced their stakes in KRUS. Comerica Bank increased its holdings in Kura Sushi USA by 58.6% during the first 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 purchased a new stake in Kura Sushi USA during the first quarter worth about $46,000. RiverPark Advisors LLC increased its holdings in Kura Sushi USA by 293.5% during the first 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 purchased a new stake in Kura Sushi USA during the second quarter worth about $233,000. Finally, Moody National Bank Trust Division purchased a new stake in Kura Sushi USA during the second quarter worth about $365,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile