Fmr LLC Purchases 390,688 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Fmr LLC increased its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 45.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,246,359 shares of the company’s stock after acquiring an additional 390,688 shares during the quarter. Fmr LLC owned about 11.09% of Kura Sushi USA worth $100,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRUS. Comerica Bank lifted its holdings in shares of Kura Sushi USA by 58.6% during the 1st quarter. Comerica Bank now owns 268 shares of the company’s stock worth $31,000 after acquiring an additional 99 shares during the period. Quest Partners LLC increased its holdings in Kura Sushi USA by 237.9% in the third quarter. Quest Partners LLC now owns 669 shares of the company’s stock worth $54,000 after purchasing an additional 471 shares in the last quarter. Versor Investments LP acquired a new position in shares of Kura Sushi USA during the 2nd quarter valued at $233,000. Price T Rowe Associates Inc. MD boosted its position in shares of Kura Sushi USA by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock worth $378,000 after purchasing an additional 232 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Kura Sushi USA in the second quarter worth approximately $412,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Price Performance

Shares of Kura Sushi USA stock opened at $103.68 on Thursday. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81. The business has a 50 day simple moving average of $92.18 and a two-hundred day simple moving average of $78.82. The stock has a market capitalization of $1.24 billion, a P/E ratio of -132.92 and a beta of 1.80.

Wall Street Analysts Forecast Growth

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

Kura Sushi USA Company Profile