Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives $84.88 Consensus PT from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $84.88.

A number of research firms have recently commented on KRUS. Barclays upped their price target on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Piper Sandler raised their target price on shares of 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 boosted their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Northcoast Research initiated coverage on 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.

Kura Sushi USA Stock Up 0.3 %

Shares of Kura Sushi USA stock opened at $105.70 on Tuesday. The stock’s fifty day moving average is $90.50 and its two-hundred day moving average is $79.17. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81. The company has a market capitalization of $1.26 billion, a PE ratio of -135.51 and a beta of 1.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KRUS. FMR LLC boosted its position in Kura Sushi USA by 45.7% during the third quarter. FMR LLC now owns 1,246,359 shares of the company’s stock valued at $100,407,000 after purchasing an additional 390,688 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of Kura Sushi USA by 24.5% in the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock valued at $40,731,000 after buying an additional 99,515 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Kura Sushi USA by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after buying an additional 5,942 shares during the last quarter. Portolan Capital Management LLC raised its stake in shares of Kura Sushi USA by 15.3% during the 3rd quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after acquiring an additional 28,655 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in Kura Sushi USA by 6.3% during the third 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 last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Company Profile