Millrace Asset Group Inc. Buys Shares of 9,810 Kura Sushi USA, Inc. (NASDAQ:KRUS)

Millrace Asset Group Inc. purchased a new position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,810 shares of the company's stock, valued at approximately $790,000. Millrace Asset Group Inc. owned approximately 0.09% of Kura Sushi USA as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Castleark Management LLC bought a new position in Kura Sushi USA in the 1st quarter valued at about $3,326,000. Lazard Asset Management LLC lifted its stake in shares of Kura Sushi USA by 144.0% in the 1st quarter. Lazard Asset Management LLC now owns 62,031 shares of the company's stock worth $7,143,000 after acquiring an additional 36,609 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Kura Sushi USA in the third quarter valued at approximately $2,609,000. 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 acquiring an additional 12,000 shares during the period. Finally, Virtu Financial LLC bought a new stake in Kura Sushi USA during the first quarter worth approximately $370,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Kura Sushi USA Stock Down 0.8 %

Shares of NASDAQ KRUS traded down $0.90 during mid-day trading on Tuesday, hitting $105.38. 94,073 shares of the company traded hands, compared to its average volume of 163,365. Kura Sushi USA, Inc. has a 1 year low of $48.66 and a 1 year high of $122.81. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -136.25 and a beta of 1.86. The business has a 50 day moving average of $89.15 and a two-hundred day moving average of $78.84.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KRUS shares. Craig Hallum increased their price target on Kura Sushi USA from $85.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Northcoast Research initiated coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a "buy" rating and a $79.00 price objective for the company. Barclays lifted 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. Finally, Piper Sandler upped 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.88.

Kura Sushi USA Profile