Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $61.12, but opened at $62.77. Kura Sushi USA shares last traded at $60.04, with a volume of 12,482 shares traded.
Analyst Ratings Changes
Several equities analysts recently commented on KRUS shares. Piper Sandler reduced their target price on 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. Benchmark reiterated a "buy" rating and set a $90.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Roth Mkm reissued a "buy" rating and issued a $70.00 price target (down previously from $90.00) on shares of Kura Sushi USA in a report on Wednesday, July 10th. Lake Street Capital dropped their price objective on shares of Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating for the company in a report on Wednesday, July 10th. Finally, Northcoast Research began 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.38.
Get Our Latest Report on KRUS
Kura Sushi USA Price Performance
The stock has a 50 day moving average price of $58.79 and a 200-day moving average price of $85.85. The stock has a market capitalization of $700.81 million, a P/E ratio of -896.57 and a beta of 1.87.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank raised its holdings in shares of Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company's stock valued at $31,000 after acquiring an additional 99 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Kura Sushi USA during the 4th quarter worth approximately $36,000. Headlands Technologies LLC bought a new position in shares of Kura Sushi USA in the 1st quarter worth approximately $46,000. RiverPark Advisors LLC lifted 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 during the period. Finally, Versor Investments LP bought a new stake in shares of Kura Sushi USA during the second quarter valued at approximately $233,000. Institutional investors own 65.49% of the company's stock.
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