Kura Sushi USA (NASDAQ:KRUS) Trading Up 8.8% - Here's Why

Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shot up 8.8% during trading on Tuesday . The company traded as high as $101.24 and last traded at $101.10. 70,546 shares were traded during mid-day trading, a decline of 56% from the average session volume of 159,290 shares. The stock had previously closed at $92.91.

Analysts Set New Price Targets

KRUS has been the subject of several research analyst reports. Northcoast Research initiated coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price objective for the company. Citigroup cut their price target on Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. Piper Sandler dropped their price objective 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. Craig Hallum cut their price objective on shares of Kura Sushi USA from $120.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Finally, Lake Street Capital dropped 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 report on Wednesday, July 10th. Four investment 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $73.63.

Kura Sushi USA Trading Up 7.6 %

The company has a market capitalization of $1.12 billion, a PE ratio of -1,415.86 and a beta of 1.86. The stock's fifty day moving average is $81.02 and its two-hundred day moving average is $80.30.

Hedge Funds Weigh In On Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 worth $37,694,000 after acquiring an additional 5,942 shares during the period. Rheos Capital Works Inc. increased its position in shares of Kura Sushi USA by 6.3% during the 3rd 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Lord Abbett & CO. LLC lifted its position in Kura Sushi USA by 28.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company's stock worth $11,967,000 after buying an additional 22,823 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Kura Sushi USA by 42.6% in the 1st quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company's stock worth $11,895,000 after buying an additional 30,836 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile

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