Kura Sushi USA, Inc. (NASDAQ:KRUS) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,766 shares of the company's stock after purchasing an additional 8,146 shares during the quarter. Dimensional Fund Advisors LP owned about 1.64% of Kura Sushi USA worth $11,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of 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 acquiring an additional 99 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Kura Sushi USA during the 1st quarter worth approximately $46,000. RiverPark Advisors LLC increased its stake in 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 buying an additional 1,083 shares during the period. Versor Investments LP purchased a new stake in Kura Sushi USA during the 2nd quarter worth approximately $233,000. Finally, Red Door Wealth Management LLC purchased a new stake in Kura Sushi USA during the 1st quarter worth approximately $237,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on KRUS. Lake Street Capital cut their target price on shares of 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. Northcoast Research began coverage on shares of Kura Sushi USA in a research note on Tuesday, September 10th. They set a "buy" rating and a $79.00 target price on the stock. Craig Hallum cut 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 note on Wednesday, July 10th. Benchmark reissued a "buy" rating and issued a $90.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, July 10th. Finally, Piper Sandler dropped 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 research report on Thursday, July 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $72.38.

Kura Sushi USA Trading Down 2.5 %

Shares of NASDAQ KRUS traded down $2.12 during mid-day trading on Monday, reaching $81.39. The company had a trading volume of 73,002 shares, compared to its average volume of 162,186. The firm has a 50 day simple moving average of $67.84 and a two-hundred day simple moving average of $83.43. The stock has a market cap of $914.09 million, a P/E ratio of -1,162.71 and a beta of 1.89. Kura Sushi USA, Inc. has a 52-week low of $48.66 and a 52-week high of $122.81.

About Kura Sushi USA