Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.38.
A number of research analysts have weighed in on KRUS shares. Lake Street Capital reduced their target price on Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating for the company in a 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 note on Thursday, July 11th. Roth Mkm reiterated a "buy" rating and issued a $70.00 target price (down from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Citigroup reduced their price target on shares of Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. Finally, Barclays lowered their price objective on Kura Sushi USA from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 10th.
Read Our Latest Stock Analysis on KRUS
Kura Sushi USA Stock Performance
KRUS stock traded down $2.12 during midday trading on Monday, reaching $81.39. 73,002 shares of the company's stock traded hands, compared to its average volume of 162,186. The firm has a market capitalization of $914.09 million, a PE ratio of -1,162.71 and a beta of 1.89. The company has a 50-day moving average price of $67.84 and a two-hundred day moving average price of $83.43. Kura Sushi USA has a 52 week low of $48.66 and a 52 week high of $122.81.
Hedge Funds Weigh In On Kura Sushi USA
A number of hedge funds and other institutional investors have recently modified their holdings of KRUS. Comerica Bank lifted its position in Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company's stock worth $31,000 after buying an additional 99 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kura Sushi USA in the 1st quarter worth approximately $46,000. RiverPark Advisors LLC boosted its stake in shares of Kura Sushi USA by 293.5% in the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company's stock valued at $167,000 after purchasing an additional 1,083 shares in the last quarter. Red Door Wealth Management LLC bought a new position in shares of Kura Sushi USA during the 1st quarter valued at $237,000. Finally, Virtu Financial LLC bought a new position in shares of Kura Sushi USA during the 1st quarter valued at $370,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
Kura Sushi USA Company Profile
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