Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Average Rating of “Moderate Buy” from Analysts

Kura Sushi USA, Inc. (NASDAQ:KRUS) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $84.88.

A number of analysts recently issued reports on KRUS shares. Craig Hallum raised their price objective on Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays increased their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Piper Sandler boosted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Northcoast Research began coverage on shares of Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective on the stock.

Kura Sushi USA Stock Down 0.1 %

KRUS stock opened at $93.62 on Friday. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -120.02 and a beta of 1.80. The business has a fifty day moving average of $96.50 and a two-hundred day moving average of $79.03.

Institutional Investors Weigh In On Kura Sushi USA

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Kura Sushi USA by 438.6% during the 3rd quarter. Barclays PLC now owns 11,333 shares of the company’s stock worth $914,000 after purchasing an additional 9,229 shares in the last quarter. State Street Corp raised its position in Kura Sushi USA by 0.8% in the 3rd quarter. State Street Corp now owns 128,068 shares of the company’s stock valued at $10,317,000 after purchasing an additional 1,016 shares in the last quarter. Portolan Capital Management LLC grew its position in shares of Kura Sushi USA by 15.3% during the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company’s stock worth $17,444,000 after buying an additional 28,655 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Kura Sushi USA during the third quarter worth about $237,000. Finally, Fred Alger Management LLC increased its stake in shares of Kura Sushi USA by 24.5% during the third quarter. Fred Alger Management LLC now owns 505,600 shares of the company’s stock worth $40,731,000 after buying an additional 99,515 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Kura Sushi USA