Kura Sushi USA, Inc. (NASDAQ:KRUS) Given Average Recommendation of “Moderate Buy” by Brokerages

Kura Sushi USA, Inc. (NASDAQ:KRUS) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $73.63.

A number of research analysts have commented on KRUS shares. Piper Sandler decreased their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Benchmark restated a “buy” rating and set a $90.00 target price on shares of Kura Sushi USA in a report on Wednesday, July 10th. Barclays boosted 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 research note on Tuesday, October 22nd. Craig Hallum lowered their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Lake Street Capital cut their target price on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, July 10th.

Kura Sushi USA Stock Performance

Kura Sushi USA stock opened at $100.00 on Friday. The company’s 50 day simple moving average is $81.69 and its 200-day simple moving average is $80.25. Kura Sushi USA has a 1 year low of $48.66 and a 1 year high of $122.81. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -1,428.57 and a beta of 1.86.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Kura Sushi USA by 1.8% during the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock worth $37,694,000 after purchasing an additional 5,942 shares in the last quarter. Rheos Capital Works Inc. increased 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 worth $16,434,000 after buying an additional 12,000 shares during the period. Dimensional Fund Advisors LP increased its position in Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock worth $11,602,000 after buying an additional 8,146 shares during the period. Lord Abbett & CO. LLC lifted its stake in Kura Sushi USA by 28.1% in the first quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company’s stock valued at $11,967,000 after buying an additional 22,823 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Kura Sushi USA by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company’s stock valued at $11,895,000 after acquiring an additional 30,836 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA