Kura Sushi USA (NASDAQ:KRUS) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) saw unusually-high trading volume on Tuesday . Approximately 187,935 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 161,639 shares.The stock last traded at $91.02 and had previously closed at $92.33.

Analysts Set New Price Targets

KRUS has been the topic of a number of recent research reports. Piper Sandler raised 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 note on Thursday, November 7th. Northcoast Research began coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a “buy” rating and a $79.00 target price for the company. Craig Hallum raised their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barclays raised their target price on Kura Sushi USA from $70.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.88.

Kura Sushi USA Price Performance

The company has a market capitalization of $1.02 billion, a PE ratio of -116.70 and a beta of 1.86. The company has a 50-day moving average of $84.04 and a two-hundred day moving average of $79.84.

Institutional Investors Weigh In On Kura Sushi USA

A number of hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. bought a new position in shares of Kura Sushi USA during the third quarter valued at approximately $2,609,000. Jennison Associates LLC grew its position in shares of Kura Sushi USA by 32.2% during the 3rd quarter. Jennison Associates LLC now owns 5,306 shares of the company’s stock valued at $427,000 after acquiring an additional 1,292 shares during the period. Quest Partners LLC lifted its stake in Kura Sushi USA by 237.9% in the 3rd quarter. Quest Partners LLC now owns 669 shares of the company’s stock valued at $54,000 after buying an additional 471 shares in the last quarter. Royce & Associates LP lifted its stake in Kura Sushi USA by 12.1% in the 3rd quarter. Royce & Associates LP now owns 37,000 shares of the company’s stock worth $2,981,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Roubaix Capital LLC increased its holdings in shares of Kura Sushi USA by 104.8% during the 3rd quarter. Roubaix Capital LLC now owns 56,979 shares of the company’s stock worth $4,590,000 after buying an additional 29,158 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Kura Sushi USA