Kura Sushi USA, Inc. (NASDAQ:KRUS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $72.38.

KRUS has been the subject of several recent research reports. Roth Mkm reiterated a "buy" rating and set a $70.00 price target (down previously from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Benchmark reissued a "buy" rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Piper Sandler reduced their price objective on shares of Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, July 11th. Citigroup decreased their price objective on shares of 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. Finally, Northcoast Research assumed coverage on Kura Sushi USA in a research note on Tuesday. They issued a "buy" rating and a $79.00 target price on the stock.

Kura Sushi USA Price Performance

Shares of NASDAQ:KRUS traded up $6.63 during midday trading on Thursday, hitting $76.95. 387,916 shares of the company's stock were exchanged, compared to its average volume of 164,655. 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 $864.23 million, a PE ratio of -1,099.29 and a beta of 1.87. The stock has a 50 day moving average price of $59.34 and a 200-day moving average price of $85.43.

Institutional Investors Weigh In On Kura Sushi USA

Several large investors have recently added to or reduced their stakes in KRUS. Ophir Asset Management Pty Ltd purchased a new position in shares of Kura Sushi USA in the fourth quarter worth about $13,356,000. Stephens Inc. AR lifted its position in shares of Kura Sushi USA by 12.9% during the fourth quarter. Stephens Inc. AR now owns 913,529 shares of the company's stock worth $69,428,000 after acquiring an additional 104,063 shares in the last quarter. Rheos Capital Works Inc. bought a new position in shares of Kura Sushi USA in the first quarter worth $10,940,000. GSA Capital Partners LLP bought a new stake in shares of Kura Sushi USA during the 4th quarter valued at $2,991,000. Finally, Lazard Asset Management LLC lifted its holdings in Kura Sushi USA by 144.0% during the 1st quarter. Lazard Asset Management LLC now owns 62,031 shares of the company's stock worth $7,143,000 after purchasing an additional 36,609 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

About Kura Sushi USA