Kura Sushi USA (NASDAQ:KRUS) Trading Up 5.5% – Here’s Why

Kura Sushi USA, Inc. (NASDAQ:KRUS) shot up 5.5% during mid-day trading on Thursday . The company traded as high as $88.44 and last traded at $88.44. 34,979 shares were traded during trading, a decline of 78% from the average session volume of 158,090 shares. The stock had previously closed at $83.79.

Analyst Ratings Changes

A number of research firms recently commented on KRUS. Lake Street Capital lowered their target price on shares of Kura Sushi USA from $72.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Craig Hallum dropped their target price on Kura Sushi USA from $120.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Piper Sandler decreased their price target on Kura Sushi USA from $89.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Benchmark reiterated a “buy” rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Finally, Barclays reduced their price target on shares of Kura Sushi USA from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.38.

Kura Sushi USA Stock Up 2.9 %

The stock has a fifty day moving average of $73.67 and a 200-day moving average of $81.78. The stock has a market cap of $1.02 billion, a PE ratio of -1,293.00 and a beta of 1.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KRUS. Vanguard Group Inc. lifted its holdings in shares of Kura Sushi USA by 1.8% in the first quarter. Vanguard Group Inc. now owns 327,315 shares of the company’s stock valued at $37,694,000 after purchasing an additional 5,942 shares in the last quarter. Rheos Capital Works Inc. raised its position in shares of Kura Sushi USA by 6.3% in the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company’s stock valued at $16,434,000 after buying an additional 12,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kura Sushi USA by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company’s stock valued at $11,602,000 after buying an additional 8,146 shares during the period. Lord Abbett & CO. LLC raised its holdings 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 period. Finally, Russell Investments Group Ltd. increased its position 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 worth $11,895,000 after acquiring an additional 30,836 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Kura Sushi USA Company Profile