Barclays Boosts Kura Sushi USA (NASDAQ:KRUS) Price Target to $70.00

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) had its price objective increased by equities researchers at Barclays from $60.00 to $70.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential downside of 26.44% from the company's previous close.

Other analysts have also recently issued reports about the company. Lake Street Capital cut their price objective on Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a research report on Wednesday, July 10th. Benchmark reiterated a "buy" rating and issued a $90.00 price objective on shares of Kura Sushi USA in a report on Wednesday, July 10th. Craig Hallum lowered their price objective on 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. Citigroup reduced their target price on shares of Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler decreased their price target on shares of Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kura Sushi USA has an average rating of "Moderate Buy" and an average target price of $73.63.

Kura Sushi USA Stock Performance

Shares of Kura Sushi USA stock traded up $5.51 during midday trading on Tuesday, reaching $95.16. 202,923 shares of the company's stock traded hands, compared to its average volume of 159,220. The stock has a 50 day moving average of $74.99 and a 200-day moving average of $81.23. Kura Sushi USA has a 12 month low of $48.66 and a 12 month high of $122.81. The company has a market cap of $1.07 billion, a PE ratio of -1,359.43 and a beta of 1.89.

Hedge Funds Weigh In On Kura Sushi USA

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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. boosted its stake in Kura Sushi USA by 6.3% in the 3rd quarter. Rheos Capital Works Inc. now owns 204,000 shares of the company's stock worth $16,434,000 after purchasing an additional 12,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 grew its holdings in Kura Sushi USA by 28.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 103,916 shares of the company's stock valued at $11,967,000 after buying an additional 22,823 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Kura Sushi USA by 42.6% during the first quarter. Russell Investments Group Ltd. now owns 103,290 shares of the company's stock valued at $11,895,000 after buying an additional 30,836 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

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