Kura Sushi USA, Inc. (NASDAQ:KRUS - Get Free Report) shares shot up 4.4% during mid-day trading on Tuesday . The stock traded as high as $103.42 and last traded at $102.92. 53,137 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 157,363 shares. The stock had previously closed at $98.56.
Analyst Ratings Changes
Several brokerages recently issued reports on KRUS. Barclays boosted their price objective on Kura Sushi USA from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Benchmark reaffirmed a "buy" rating and set a $90.00 price target on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Northcoast Research initiated coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They set a "buy" rating and a $79.00 price target for the company. Craig Hallum dropped their price objective 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. Finally, Lake Street Capital dropped their price objective on Kura Sushi USA from $72.00 to $64.00 and set a "hold" rating on the stock in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kura Sushi USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.63.
View Our Latest Analysis on Kura Sushi USA
Kura Sushi USA Trading Up 4.4 %
The business has a 50 day moving average of $78.46 and a two-hundred day moving average of $80.64. The firm has a market cap of $1.16 billion, a P/E ratio of -1,469.29 and a beta of 1.89.
Institutional Investors Weigh In On Kura Sushi USA
Large investors have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in Kura Sushi USA by 58.6% in the 1st quarter. Comerica Bank now owns 268 shares of the company's stock valued at $31,000 after buying an additional 99 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kura Sushi USA during the 1st quarter worth $46,000. RiverPark Advisors LLC grew its holdings in shares of Kura Sushi USA by 293.5% during the 1st quarter. RiverPark Advisors LLC now owns 1,452 shares of the company's stock worth $167,000 after purchasing an additional 1,083 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Kura Sushi USA during the 2nd quarter worth $233,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Kura Sushi USA during the 2nd quarter worth $365,000. Institutional investors own 65.49% of the company's stock.
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