Kura Sushi USA (NASDAQ:KRUS) Shares Gap Up – What’s Next?

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) gapped up prior to trading on Monday . The stock had previously closed at $50.46, but opened at $52.98. Kura Sushi USA shares last traded at $53.4760, with a volume of 70,936 shares traded.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays lifted their target price on shares of Kura Sushi USA from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. DA Davidson reissued a “buy” rating and set a $90.00 price objective on shares of Kura Sushi USA in a research note on Monday, April 6th. Lake Street Capital reissued a “buy” rating on shares of Kura Sushi USA in a research note on Wednesday, April 8th. Royal Bank Of Canada set a $85.00 price objective on shares of Kura Sushi USA in a research note on Tuesday, January 20th. Finally, Weiss Ratings cut shares of Kura Sushi USA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kura Sushi USA presently has an average rating of “Hold” and a consensus price target of $77.00.

Kura Sushi USA Trading Up 4.2%

The company’s 50 day moving average price is $59.16 and its 200-day moving average price is $60.00. The company has a market capitalization of $646.62 million, a PE ratio of -332.63 and a beta of 1.33.

Institutional Trading of Kura Sushi USA

Several institutional investors have recently made changes to their positions in the stock. Divisadero Street Capital Management LP purchased a new stake in Kura Sushi USA during the 3rd quarter worth $34,586,000. Granahan Investment Management LLC boosted its position in Kura Sushi USA by 125.4% during the 3rd quarter. Granahan Investment Management LLC now owns 671,012 shares of the company’s stock worth $39,865,000 after purchasing an additional 373,354 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Kura Sushi USA during the 4th quarter worth $19,194,000. Stephens Inc. AR boosted its position in Kura Sushi USA by 31.9% during the 1st quarter. Stephens Inc. AR now owns 1,107,263 shares of the company’s stock worth $77,276,000 after purchasing an additional 267,955 shares during the period. Finally, Woodline Partners LP boosted its position in Kura Sushi USA by 270.3% during the 3rd quarter. Woodline Partners LP now owns 292,014 shares of the company’s stock worth $17,349,000 after purchasing an additional 213,158 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates Japanese‐style revolving sushi restaurants across the United States. The company’s concept centers on delivering a modern sushi dining experience by combining fresh ingredients with automated conveyer belt and plate‐return systems. Guests can choose from a broad menu that includes nigiri, sashimi, maki rolls, tempura, udon noodles and chef‐inspired seasonal dishes, all served directly from the conveyor belt or ordered on tabletop touchscreens.

Each restaurant integrates patented technology to ensure food quality and operational efficiency.