Stephens Inc. AR lowered its holdings in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS - Free Report) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 831,144 shares of the company's stock after selling 7,009 shares during the period. Kura Sushi USA accounts for 0.9% of Stephens Inc. AR's investment portfolio, making the stock its 15th largest holding. Stephens Inc. AR owned 7.39% of Kura Sushi USA worth $66,957,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of KRUS. Comerica Bank lifted 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 period. Headlands Technologies LLC purchased a new stake in shares of Kura Sushi USA in the first quarter valued at about $46,000. RiverPark Advisors LLC increased its stake in shares of 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 acquiring an additional 1,083 shares during the period. Versor Investments LP purchased a new position in Kura Sushi USA during the second quarter worth about $233,000. Finally, Moody National Bank Trust Division purchased a new position in Kura Sushi USA during the second quarter worth about $365,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.
Kura Sushi USA Stock Down 0.0 %
Shares of NASDAQ KRUS traded down $0.01 on Friday, hitting $99.81. The company's stock had a trading volume of 174,644 shares, compared to its average volume of 159,319. The stock has a 50 day moving average of $79.86 and a 200-day moving average of $80.90. Kura Sushi USA, Inc. has a 12-month low of $48.66 and a 12-month high of $122.81.
Wall Street Analyst Weigh In
KRUS has been the topic of several recent analyst reports. Northcoast Research started coverage on Kura Sushi USA in a research report on Tuesday, September 10th. They set a "buy" rating and a $79.00 target price on the stock. Citigroup cut their price objective on Kura Sushi USA from $79.00 to $68.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. Craig Hallum decreased 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. Piper Sandler cut their price target 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. Finally, Roth Mkm reiterated a "buy" rating and issued a $70.00 price objective (down previously from $90.00) on shares of Kura Sushi USA in a research note on Wednesday, July 10th. Four equities research 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 stock has an average rating of "Moderate Buy" and an average price target of $73.63.
Read Our Latest Report on KRUS
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