Kura Sushi USA (NASDAQ:KRUS) Coverage Initiated by Analysts at Piper Sandler

Piper Sandler assumed coverage on shares of Kura Sushi USA (NASDAQ:KRUS) in a report published on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $114.00 price objective on the stock.

A number of other research analysts also recently weighed in on KRUS. Roth Mkm upped their price target on Kura Sushi USA from $87.00 to $120.00 and gave the stock a buy rating in a research note on Friday, April 5th. Citigroup increased their price objective on Kura Sushi USA from $122.00 to $124.00 and gave the stock a neutral rating in a research note on Friday, April 5th. Lake Street Capital increased their price objective on Kura Sushi USA from $70.00 to $93.00 and gave the stock a hold rating in a research note on Friday, April 5th. Barclays increased their price objective on Kura Sushi USA from $82.00 to $95.00 and gave the stock an equal weight rating in a research note on Friday, April 5th. Finally, Benchmark increased their price objective on Kura Sushi USA from $90.00 to $105.00 and gave the stock a buy rating in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $109.50.

Kura Sushi USA Stock Performance

KRUS stock opened at $109.00 on Wednesday. The stock’s 50 day simple moving average is $104.84 and its 200 day simple moving average is $85.07. Kura Sushi USA has a fifty-two week low of $51.02 and a fifty-two week high of $122.81. The company has a market cap of $1.22 billion, a P/E ratio of 778.63 and a beta of 1.98.

Insider Transactions at Kura Sushi USA

In other news, Director Seitaro Ishii sold 5,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $109.97, for a total value of $549,850.00. Following the completion of the transaction, the director now directly owns 1,313 shares of the company’s stock, valued at $144,390.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Kura Sushi USA

A number of large investors have recently made changes to their positions in KRUS. Stephens Inc. AR boosted its stake in Kura Sushi USA by 12.9% during the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company’s stock valued at $69,428,000 after buying an additional 104,063 shares during the period. Vanguard Group Inc. boosted its stake in Kura Sushi USA by 0.9% during the third quarter. Vanguard Group Inc. now owns 305,367 shares of the company’s stock valued at $20,191,000 after buying an additional 2,731 shares during the period. Lord Abbett & CO. LLC boosted its stake in Kura Sushi USA by 14.1% during the third quarter. Lord Abbett & CO. LLC now owns 209,692 shares of the company’s stock valued at $13,865,000 after buying an additional 25,985 shares during the period. Ophir Asset Management Pty Ltd bought a new stake in Kura Sushi USA during the fourth quarter valued at $13,356,000. Finally, Wasatch Advisors LP boosted its stake in Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company’s stock valued at $8,581,000 after buying an additional 22,621 shares during the period. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile