Kura Sushi USA (NASDAQ:KRUS) Coverage Initiated by Analysts at Northcoast Research

Northcoast Research began coverage on shares of Kura Sushi USA (NASDAQ:KRUS - Free Report) in a research report report published on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $79.00 price target on the stock.

Several other brokerages have also commented on KRUS. Barclays decreased their price objective on Kura Sushi USA from $65.00 to $60.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. Lake Street Capital lowered their price target 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 cut their price objective on shares of Kura Sushi USA from $89.00 to $63.00 and set a neutral rating on the stock in a report on Thursday, July 11th. Citigroup lowered their target price 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, Craig Hallum dropped their target price on shares of Kura Sushi USA from $120.00 to $85.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $72.38.

Kura Sushi USA Price Performance

Shares of KRUS stock traded up $1.28 during mid-day trading on Tuesday, hitting $62.40. 198,774 shares of the stock traded hands, compared to its average volume of 160,872. The stock's fifty day moving average is $58.81 and its two-hundred day moving average is $85.59. Kura Sushi USA has a 52-week low of $48.66 and a 52-week high of $122.81. The stock has a market cap of $700.81 million, a P/E ratio of -891.43 and a beta of 1.87.

Institutional Trading of Kura Sushi USA

Institutional investors and hedge funds have recently bought and sold shares of the business. 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 worth $31,000 after purchasing an additional 99 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Kura Sushi USA in the 1st quarter valued at about $46,000. Quest Partners LLC acquired a new position in shares of Kura Sushi USA in the 4th quarter valued at about $36,000. RiverPark Advisors LLC boosted its stake in shares of Kura Sushi USA by 293.5% in the first quarter. RiverPark Advisors LLC now owns 1,452 shares of the company's stock worth $167,000 after buying an additional 1,083 shares during the last quarter. Finally, Red Door Wealth Management LLC acquired a new stake in Kura Sushi USA during the first quarter worth about $237,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Kura Sushi USA Company Profile