Rheos Capital Works Inc. Buys 12,000 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Rheos Capital Works Inc. lifted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,000 shares of the company's stock after purchasing an additional 12,000 shares during the period. Rheos Capital Works Inc. owned 1.82% of Kura Sushi USA worth $16,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KRUS. Comerica Bank grew its stake 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 purchasing an additional 99 shares during the period. Headlands Technologies LLC bought a new position in Kura Sushi USA during the first quarter valued at about $46,000. RiverPark Advisors LLC increased its holdings in Kura Sushi USA by 293.5% during 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. Versor Investments LP purchased a new stake in Kura Sushi USA during the second quarter worth about $233,000. Finally, Red Door Wealth Management LLC bought a new stake in Kura Sushi USA in the first quarter worth about $237,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Up 5.0 %

Shares of NASDAQ:KRUS traded up $4.19 during midday trading on Thursday, reaching $87.98. 178,639 shares of the company traded hands, compared to its average volume of 158,868. Kura Sushi USA, Inc. has a 12 month low of $48.66 and a 12 month high of $122.81. The firm's fifty day moving average price is $73.01 and its two-hundred day moving average price is $81.92. The firm has a market capitalization of $988.10 million, a price-to-earnings ratio of -1,256.86 and a beta of 1.89.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Northcoast Research started coverage on shares of Kura Sushi USA in a research report on Tuesday, September 10th. They set a "buy" rating and a $79.00 target price for the company. Lake Street Capital reduced their price objective 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. Barclays lowered their target price on Kura Sushi USA from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 10th. Craig Hallum cut their price target on Kura Sushi USA from $120.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Finally, Piper Sandler decreased their price objective on Kura Sushi USA from $89.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.38.

Kura Sushi USA Profile