Barclays PLC raised its stake in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 438.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,333 shares of the company's stock after purchasing an additional 9,229 shares during the quarter. Barclays PLC owned 0.10% of Kura Sushi USA worth $914,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KRUS. Landscape Capital Management L.L.C. bought a new stake in shares of Kura Sushi USA in the third quarter worth about $2,609,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kura Sushi USA by 33.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,572 shares of the company's stock valued at $529,000 after purchasing an additional 1,644 shares in the last quarter. Rheos Capital Works Inc. boosted its holdings in Kura Sushi USA by 6.3% in the third quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company's stock worth $16,434,000 after acquiring an additional 12,000 shares in the last quarter. Fred Alger Management LLC grew its position in Kura Sushi USA by 24.5% during the 3rd quarter. Fred Alger Management LLC now owns 505,600 shares of the company's stock valued at $40,731,000 after purchasing an additional 99,515 shares during the last quarter. Finally, Millrace Asset Group Inc. bought a new stake in shares of Kura Sushi USA during the third quarter valued at approximately $790,000. Hedge funds and other institutional investors own 65.49% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on KRUS. Barclays boosted their target price on shares of Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Craig Hallum upped their price target on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Northcoast Research started coverage on Kura Sushi USA in a research note on Tuesday, September 10th. They set a "buy" rating and a $79.00 target price on the stock. Finally, Piper Sandler boosted their price target on shares of Kura Sushi USA from $63.00 to $98.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.88.
Read Our Latest Stock Report on KRUS
Kura Sushi USA Stock Up 0.7 %
Shares of Kura Sushi USA stock traded up $0.67 during trading on Tuesday, reaching $90.58. The company's stock had a trading volume of 91,082 shares, compared to its average volume of 157,421. The company has a 50-day simple moving average of $96.83 and a two-hundred day simple moving average of $78.93. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -116.13 and a beta of 1.80. Kura Sushi USA, Inc. has a 1-year low of $48.66 and a 1-year high of $122.81.
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