Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) traded down 4.4% during mid-day trading on Monday . The company traded as low as $89.00 and last traded at $89.46. 11,021 shares were traded during trading, a decline of 93% from the average session volume of 158,693 shares. The stock had previously closed at $93.62.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on KRUS shares. Barclays increased their price objective on Kura Sushi USA from $70.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Northcoast Research assumed coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a "buy" rating and a $79.00 price target on the stock. Craig Hallum lifted their price objective on shares of Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their target price 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.88.
Read Our Latest Stock Report on KRUS
Kura Sushi USA Price Performance
The business has a 50 day moving average price of $96.50 and a two-hundred day moving average price of $78.75. The stock has a market cap of $1.07 billion, a PE ratio of -114.43 and a beta of 1.80.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in KRUS. FMR LLC grew its stake in Kura Sushi USA by 45.7% in the third quarter. FMR LLC now owns 1,246,359 shares of the company's stock worth $100,407,000 after purchasing an additional 390,688 shares during the period. Fred Alger Management LLC boosted its stake in 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 acquiring an additional 99,515 shares in the last quarter. Portolan Capital Management LLC grew its holdings in Kura Sushi USA by 15.3% in the third quarter. Portolan Capital Management LLC now owns 216,530 shares of the company's stock worth $17,444,000 after purchasing an additional 28,655 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 purchasing an additional 12,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Kura Sushi USA by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 183,766 shares of the company's stock valued at $11,602,000 after purchasing an additional 8,146 shares during the last quarter. Institutional investors own 65.49% of the company's stock.
Kura Sushi USA Company Profile
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