Kura Sushi USA, Inc. (NASDAQ:KRUS) Position Increased by Kings Path Partners LLC

Kings Path Partners LLC increased its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 8.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,015 shares of the company’s stock after acquiring an additional 831 shares during the period. Kings Path Partners LLC’s holdings in Kura Sushi USA were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Kura Sushi USA by 4.5% during the second quarter. Rhumbline Advisers now owns 8,172 shares of the company’s stock worth $516,000 after acquiring an additional 350 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after buying an additional 8,146 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Kura Sushi USA during the second quarter worth approximately $1,155,000. XTX Topco Ltd bought a new position in Kura Sushi USA in the 2nd quarter worth approximately $521,000. Finally, Rheos Capital Works Inc. increased its position in Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after acquiring an additional 12,000 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KRUS has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Kura Sushi USA from $63.00 to $98.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Craig Hallum upped their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Northcoast Research started coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price on the stock. Finally, Barclays increased their price objective on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.88.

Kura Sushi USA Trading Up 5.2 %

Shares of NASDAQ KRUS traded up $5.24 during midday trading on Monday, reaching $105.45. The company’s stock had a trading volume of 89,283 shares, compared to its average volume of 126,865. Kura Sushi USA, Inc. has a one year low of $48.66 and a one year high of $122.81. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -135.19 and a beta of 1.84. The company has a 50 day moving average price of $96.92 and a 200 day moving average price of $79.14.

Kura Sushi USA Company Profile