Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Acquired by Fmr LLC

FMR LLC lifted its stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 45.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,246,359 shares of the company's stock after acquiring an additional 390,688 shares during the quarter. FMR LLC owned approximately 11.09% of Kura Sushi USA worth $100,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Kura Sushi USA by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 327,315 shares of the company's stock worth $37,694,000 after purchasing an additional 5,942 shares during the period. Rheos Capital Works Inc. increased its stake in shares of Kura Sushi USA by 6.3% during 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 period. Dimensional Fund Advisors LP raised its holdings in shares of Kura Sushi USA by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company's stock valued at $11,602,000 after acquiring an additional 8,146 shares in the last quarter. Roubaix Capital LLC grew its holdings in 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 acquiring an additional 29,158 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of 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 during the period. Institutional investors own 65.49% of the company's stock.

Kura Sushi USA Price Performance

NASDAQ:KRUS traded up $0.29 during trading hours on Thursday, hitting $103.97. 134,849 shares of the company were exchanged, compared to its average volume of 161,731. The company's 50 day moving average price is $92.61 and its 200-day moving average price is $79.00. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -133.29 and a beta of 1.80. Kura Sushi USA, Inc. has a 52-week low of $48.66 and a 52-week high of $122.81.

Analysts Set New Price Targets

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

Kura Sushi USA Company Profile