Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) traded up 7.3% during trading on Wednesday . The stock traded as high as $67.99 and last traded at $66.97. 131,044 shares traded hands during trading, a decline of 18% from the average session volume of 160,701 shares. The stock had previously closed at $62.40.
Wall Street Analyst Weigh In
Several brokerages have issued reports on KRUS. Piper Sandler decreased their target price on shares of Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. Barclays decreased their price objective on shares of 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. Craig Hallum cut their target price on Kura Sushi USA from $120.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Citigroup reduced their target price on Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. Finally, Northcoast Research assumed coverage on Kura Sushi USA in a report on Tuesday. They set a "buy" rating and a $79.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Kura Sushi USA currently has an average rating of "Moderate Buy" and an average price target of $72.38.
Check Out Our Latest Research Report on KRUS
Kura Sushi USA Stock Performance
The stock has a market capitalization of $789.76 million, a P/E ratio of -1,004.57 and a beta of 1.87. The firm has a fifty day moving average price of $59.01 and a two-hundred day moving average price of $85.49.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in Kura Sushi USA in the fourth quarter worth approximately $2,991,000. Russell Investments Group Ltd. lifted its position in 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 purchasing an additional 30,836 shares in the last quarter. Wasatch Advisors LP lifted its position in Kura Sushi USA by 25.1% during the fourth quarter. Wasatch Advisors LP now owns 112,911 shares of the company's stock valued at $8,581,000 after purchasing an additional 22,621 shares in the last quarter. Castleark Management LLC bought a new stake in Kura Sushi USA during the first quarter valued at about $3,326,000. Finally, Rheos Capital Works Inc. purchased a new stake in Kura Sushi USA in the first quarter worth about $10,940,000. Institutional investors own 65.49% of the company's stock.
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